(CercleFinance.com) – Microsoft is moving up on the New York Stock Exchange on Monday as the title is among Wedbush’s favorite technology stocks for the end of the year.
In a research note, the financial intermediary recalls, at a time when the quarterly publication season is coming to an end, that the technological giants have done better than feared over the past quarter.
Regarding Microsoft, Wedbush says it is maintaining its ‘outperformance’ recommendation with a target price of 320 dollars.
“Our results for Azure’s growth trajectory remain strong heading into fiscal 2023 and we believe Nadella and co. are only halfway through the transformation of this cloud giant, knowing that barely 50% of workloads have switched to the cloud to date.
Aside from Microsoft, Wedbush’s favored stocks within the tech sector by the end of the year include Apple and Palo Alto Networks.
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