#1 - Microsoft (NASDAQ:MSFT)
Although you won’t see any of the FAANG stocks in this presentation, it’s important not to ignore big tech altogether. With a 1.95 trillion market capitalization as of this writing, Microsoft (NASDAQ:MSFT) clearly qualifies as one of the biggest names in the tech sector.
MSFT stock rose sharply during the pandemic as the company’s collaborative Teams software facilitated remote work. However investing is usually about what have you done for me lately. Microsoft is trading near its all-time high set in April 2021.
One of the catalysts for the stock to move higher will be its Game Pass service for its Xbox gaming service. And I use the word service intentionally because Microsoft is taking a “Netflix (NASDAQ:NFLX) like” approach to bringing new games to market. Game Pass allows subscribers to access a curated library of over 100 games from their computers or mobile devices. And since 90% of the company’s new games will be released directly to Game Pass, there is a large incentive for consumers to sign up for the service which costs just $10 per month.
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Read More - Current Price
- $414.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 32 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $452.61 (9.1% Upside)
