Wells Fargo Raises Microsoft Price Target to $700.00

Microsoft's (NASDAQ:MSFT) price target has been raised by Wells Fargo & Company from $650.00 to $700.00, according to a note issued to investors on Wednesday.

This represents a potential upside of 38.94% from the company's previous close. The brokerage presently has an 'overweight' rating on Microsoft's stock.

Wells Fargo & Company's target price comes after several other reports have been released, including one from Rothschild & Co Redburn that reduced their price objective on Microsoft from $450.00 to $400.00 and set a 'neutral' rating for the company.