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10 Video Game Stocks That Will Cause Investors to Jump Off Their Couch - 6 of 10

 
 

#6 - Microsoft (NASDAQ:MSFT)

Speaking of Microsoft (NASDAQ:MSFT), we start looking at our list of companies that are not pure plays in the video game industry with the company from Redmond, Washington. Microsoft entered the video game market in 2001 with the release of the Xbox. Since then the company has released the Xbox 360. This gave gamers the added benefit of Xbox Live.

Gamers could download games and play other gamers online. Microsoft took things one step further with the release of its Kinect device. This removed the need for a handheld controller by employing a combination of cameras and infrared sensors that allowed players to move in front of the Xbox to interact with the game.

The catalyst, of course, is that Microsoft is set to deliver a new version of the Xbox this fall, the Xbox Series X. However, in a business where typically the number of consoles sold is the only measuring stick, Microsoft seems less concerned.

Instead, the company recently promoted three features that should benefit the company regardless of how many Series X models fly off the shelves. For investors, one of those features is the Xbox Game Pass that allows consumers to build their gaming library for a monthly fee.

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
$420.92
Consensus Rating
Moderate Buy
Ratings Breakdown
27 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$511.62 (21.5% Upside)

 

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