AAL

MSFT Nabs More Record Highs as Analyst Sings Its Praises

The stock has already clocked five record highs in the past two weeks

Digital Content Manager
Jul 9, 2020 at 10:01 AM
facebook X logo linkedin


It is no secret Microsoft Corporation (NASDAQ:MSFT) has been one of the shining stars in the Big Tech rally. The equity has picked up five consecutive highs so far this month, and boasts a more than 56% 12-month lead. And today, it looks like MSFT could run into even more record highs. The stock is up 1.3% at $215.71, after Wedbush hiked its price target by $40 to $260. The analyst noted strong cloud deal activity surrounding Microsoft's Azure during its second quarter, as remote work encourages a shift to cloud software. 

This bullish sentiment is echoed throughout Wall Street. In fact, just one of the 25 analysts in coverage call MSFT a "hold," while the other 24 call it a "buy" or better. There's still room for more price-target hikes, however, given the consensus 12-month price target of $206.67 is a 3.7% discount to current levels.

A look at Microsoft's options pits shows calls more than doubling puts. In fact, 267,121 calls were exchanged in the past 10 days, as opposed to just 107,436 puts. Meanwhile, MSFT's Schaeffer's open interest ratio (SOIR) of 0.74 stands higher than just 24% of readings from the past year, implying short-term options traders have been more call-biased than usual. 

 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.