Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
Buy Microsoft stock for the company’s sizable opportunity in gaming, one Wall Street research firm says. Macquarie analysts led by Frederick Havemeyer boosted their price target to $475 from $460, raised estimates, and maintained an Outperform rating in a Thursday research report titled “World of Microsoft Gaming: Unveiling Microsoft’s treasure chest of gaming gold.” Microsoft stock was down 0.3% to $419.62 in late morning trading.
This is the second time in recent months that Reddit has scored a huge partnership.