Mega technology stocks drive growth in the market, often influencing prices well beyond their industry. As growth and income picks, they are exceptionally reliable, with even the dips bringing opportunities for investors. Microsoft Corp. (NASDAQ: MSFT) is one of the most stable tech stocks, but it isn’t immune to volatility. It pulled back -3.56% when looking at the last five days of trading, making today’s price look like a discount when considering the upside.
Microsoft is one of the world’s largest tech companies and has become a major player in the cloud services market. It is the biggest cloud solutions provider behind Amazon, and it is continually eroding Amazon’s market share. The company has also experienced recent growth in its software, PC and device business, and its Xbox gaming division.
Historical stock splits have kept Microsoft shares relatively affordable. The average target stock price of $281.97 suggests strong gains for investors who buy in March. With a dividend yield of 0.96%, there will even be a reasonable amount of income for larger holdings.
Always one of the best tech stocks to watch. Microsoft’s recent growth and adaption to a changing marketplace, especially the cloud, makes it one of the best stock picks to start the new month.
Key Data:
- 1 Year Price Growth: 44%
- YTD Price Growth: 48%
- 3 Month Price Growth: 97%
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.