Microsoft Stock Surges in Premarket Trading
Strong Stock Performance Continues
Microsoft Corporation (MSFT) stock continued its upward momentum in premarket trading, with shares rising by 4%. This positive performance follows strong financial results released in the previous quarter, where the tech giant beat expectations on both revenue and earnings.
Analysts Optimistic About MSFT's Future
Analysts remain optimistic about Microsoft's long-term prospects. Morgan Stanley recently raised its price target for the stock from $465 to $520, citing the company's potential for substantial earnings growth in the coming years.
Key Trades in Premarket Trading
Some of the key trades in Microsoft's premarket trading included:
- MSFT last traded at $419.92, with a combined volume of 231,221 shares.
- Microsoft was the most active stock in premarket trading, with over 2 million shares traded.
Investors are closely monitoring MSFT's performance in premarket trading to gain insights into the company's overall market sentiment.
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