Buy Microsoft Stock Before Xbox Launch

Microsoft Microsoft Corp. (NASDAQ: MSFT) is an American software and technology company based in Redmond, Washington. It has a global presence and is a market leader in computer operating systems, cloud computing services, business productivity software, and video gaming like the Xbox console.

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The company has had a good year both in terms of stock and fiscal performance. Revenue has increased in all major divisions throughout the year, thanks in part to increased demand for software and cloud services during the Coronavirus Pandemic. The company’s organic cloud growth is strong, which will help to drive revenue in 2021. Microsoft’s revenue and earnings have increased in double digits over five consecutive fiscal years. The company has grown from $84.7 billion in revenue in 2016 to $143.02 billion in 2020. A high profit margin supports a dividend yield of 1.05%.

Now the company is preparing to release new Xbox gaming consoles. With both an affordable and high-end version for the next generation of video games. The consoles will release on November 10 and are expected to drive holiday quarter revenue and then contribute significantly to the company’s top line in the coming years.

For its stability, historical performance, and target price of $236.17, Microsoft is a top stock pick today.

Key Data:

  • 1 Year Price Growth: 75%
  • YTD Price Growth: 84%
  • 3 Month Price Growth: 24%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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