#2 - Microsoft (NASDAQ:MSFT)
Microsoft Corp. (NASDAQ: MSFT) is another big tech stock to consider with an investment of $5,000. From software licensing and cloud computing to cybersecurity and artificial intelligence (AI), it’s hard to think about a sector of the tech landscape where Microsoft isn’t among the leaders. That shows up in the company’s revenue and earnings which continue to move higher year over year.
MSFT stock is up 13.8% in 2024 as of the market close on November 27. That’s above the average total return in the stock over the last three years, but it pales in comparison to a stock like NVIDIA. But that’s an opportunity that investors can profit from. Analysts have a consensus price target of $503.03, which gives the stock an 18% upside.
And don’t forget that Microsoft is an excellent dividend stock. The yield of 0.73% isn’t particularly impressive, but the company has increased its dividend in each of the last 23 consecutive years.
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
- $422.99
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $503.03 (18.9% Upside)
