#3 - Microsoft (NASDAQ:MSFT)
Microsoft (NASDAQ:MSFT) is another example of a growth company that is also one of the most cash rich companies for investors to keep in their portfolios. The company closed out their 2022 fiscal year with $65.14 billion in free cash flow. Not only was that higher than the prior year, it made it eight consecutive years in which the company has increased its FCF.
And there looks to be more where that came from. The company’s cloud business not makes up the largest piece of the company’s growing revenue. And investors will find that Microsoft is a competitor in many areas such as cybersecurity, gaming, and data storage all of which will continue to grow in the coming years.
MSFT stock currently has a P/E ratio of 24x and with a dividend that has a yield of just over 1%, Microsoft makes a case for being a safe stock.
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
- $414.17
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $503.03 (21.5% Upside)
