Zacks Equity Research
·1 min read
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
On February 1, 2016, MSFT was added to the Zacks Focus List at $55.09 per share. Shares have increased 671.86% to $425.22 since then.
17 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.49 to $11.63. MSFT boasts an average earnings surprise of 8.8%.
Earnings for Microsoft are forecasted to see growth of 18.6% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like MSFT offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
