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Search resuls for: "Rangan"


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☆ Analysts are still bullish on Microsoft's long-term prospects but see more near-term headwinds
  + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Still, most analysts covering Microsoft remained bullish on the company in the long-term. While a number of firms covering the tech company lowered their 12-month price targets, buy ratings for the tech giant remained intact. The firm reiterated its buy rating but cut its price target to $315 from $330 to reflect slower growth ahead. Lenschow maintained his overweight rating but lowered his price target to $296 per share from $310. The bank has a buy rating on Microsoft and a price target of $282 per share.
☆ Goldman says these resilient software stocks are buys even in an economic ‘hard landing’
  + stars: | 2022-10-17 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Software stocks have taken a beating this year, but Goldman Sachs thinks there are some names in the space that can withstand a sharp economic downturn. As of Monday, it traded more than 40% below its 52-week high. Despite all of this, Goldman's Kash Rangan was able to identify some software stocks that can be resilient despite an economic "hard landing," or if the U.S. economy tumbles into a recession. The tech giant is down about 30% year to date and has fallen 32% since reaching a 52-week high last November. Goldman rates intuit as a buy and sees upside of roughly 51% from Friday's close.
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