- Microsoft stock (NASDAQ: MSFT) opened at $500 on Thursday, a key resistance level it has struggled to break for a month.
- Analyst Brad Reback of Stifel Nicolaus raised his price target to $575 from $530, predicting a breakout above $500.
- A drop to $490 would strengthen bearish sentiment, while the stock remains up roughly 6% year-to-date with a $3.72 trillion market cap.
Microsoft stock (NASDAQ: MSFT) hit the $500 mark at Thursday’s opening bell, trading at a pivotal price point after struggling to rise above that level for a month. The software giant, with a market capitalization of $3.72 trillion, now faces a critical test that will dictate its next move.
A dip from $500 to the $490 level would strengthen bears and erode bulls’ confidence, according to market observers. However, Brad Reback, the Managing Director of Stifel Nicolaus, has upgraded his price target for MSFT to $575 from $530, urging clients to take entry positions.
The new target implies a roughly 15% return on investment from the current price, translating to nearly $75 per share in potential profit. Reback’s forecast suggests the stock will rise above $500 and reach a new high next.
Microsoft has remained range-bound in 2026, up close to 6% year-to-date without experiencing a breakout. The stock needs a fresh rally to attract more investors and push further upward in the charts.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
