Jaluria Maintains Buy Rating on MSFT with $640 Price Target

RBC Capital analyst Rishi Jaluria maintained a 'Buy' rating on Microsoft (MSFT), setting a price target of $640.00.

This decision was made despite corporate insider sentiment being negative, as 80 insiders have sold their shares in the past quarter, with an increase in selling activity compared to earlier this year.

In the latest earnings release for the quarter ending March 31, Microsoft reported a quarterly revenue of $82.89 billion and a net profit of $31.78 billion, up from last year's revenue of $70.07 billion and net profit of $25.82 billion.