This cloud giant is encountering headwinds from a poor macroeconomy in the short term. Still, its long-term potential remains bright. Microsoft ‘s ( MSFT 2.14%) stock has performed well this year, rising 34.55% compared to the S&P 500 ‘s 9.2% increase. However, some believe the stock is overvalued and has little room for further growth. They point to the company’s consensus analyst price target of $323.28, which suggests little upside potential over the next year. Here’s why you should disregard analysts’ price targets and focus on two long-term growth drivers instead. Invest for the long term An analyst consensus price target is the average price prediction of all analysts covering a particular stock. It is typically a 12-month forecast that encourages short-term investing. However, there are several reasons why short-term investing can be detrimental to many investors, with the most significant being it is more risky than long-term investing. Stock prices can fluctuate significantly in a brief period, meaning short-term investors are more likely to lose money than long-term investors. Additionally, short-term investors are more likely to make emotional decisions and be affected by market fluctuations. As a result, they may sell their investments when prices fall, even if […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
