Every week, Benzinga conducts a sentiment survey to find out what traders are most interested in or concerned about when managing and building their personal portfolios.
We surveyed a group of over 300 investors to find out if the shares of Microsoft Corporation (NASDAQ:MSFT) will hit $300 by 2022.
Microsoft shares were trading at $212 at press time Friday, up from a 52-week low of $133.
Microsoft Stock Forecast
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite.
The company is organized into three main segments: productivity and business processes (Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics); cloud intelligence (Infrastructure and Platform-as-a-Service offerings Azure, Windows Server OS, SQL Server); and more personal computing (Windows client, Xbox, Bing search, display advertising, Surface laptops, tablets, and desktops).
Our survey found that 68% of respondents said Microsoft stock would hit $300 in the next year.
Many respondents pointed to steps Microsoft is taking to improve its landscape of software-as-a-service offerings for 2020 and beyond.
The SaaS market is one of the sectors that has managed to thrive during the pandemic. The rise in enterprise adoption of cloud-based software during the digital transition has been a catalyst for SaaS stocks like Microsoft in 2020.
Among the company’s new SaaS offerings, on September 22, we reported that Microsoft launched Azure Communications Services, comprised of cloud-based voice and video calling, chat, and telephony features.
Benzinga has been publishing actionable financial information and curating high-quality financial datasets since 2009. Learn more today about receiving stock and market data via APIs.
This survey was conducted by Benzinga in December 2020 and included responses from a diverse population of adults aged 18 or older.
Participation in the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects the results of more than 300 adults.
Comments are closed.