Microsoft Upgraded to Buy With $665 Target Price

Melius Research analyst Ben Reitzes has upgraded Microsoft (MSFT.US) to a buy rating, significantly raising the target price from $400 to $665. This move reflects a bullish outlook on the tech giant's prospects. According to TipRanks data, Reitzes has a success rate of 64.4% and a total average return of 27.2% over the past year, indicating a solid track record in his recommendations.

The upgrade comes as Microsoft continues to dominate the tech industry, with strong performance in cloud computing, productivity software, and enterprise solutions. Reitzes' revised target price suggests a substantial upside potential for investors. However, the information provided is intended for informational purposes only and does not constitute investment advice.

TipRanks, an independent third-party platform, tracks analyst performance and calculates metrics like success rate and average return. These metrics are based on virtual portfolios established from analysts' initial ratings and adjusted according to changes in those ratings. Reitzes is ranked by TipRanks based on his past performance, which includes both success rate and average return.