5 Best American Tech Stocks To Buy According to Analysts

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 306

Upside Potential According to Analysts: 15.64%

Average Price Target: $469.45 

Microsoft Corporation (NASDAQ:MSFT) is a systems software company. It is based in Redmond, Washington.

Microsoft Corporation (NASDAQ:MSFT) had 306 hedge funds long its stock in the third quarter. Their total stake value was $26.2 billion.

On January 31, Daniel Ives at Wedbush maintained an Outperform rating and a $475 price target on Microsoft Corporation (NASDAQ:MSFT).

Madison Investments mentioned Microsoft Corporation (NASDAQ:MSFT) in its fourth-quarter 2023 investor letter:

“Microsoft Corporation’s (NASDAQ:MSFT) sustainable scorecard was updated with an unchanged rating of Above Average. The company’s board has an official Environmental, Social, and Public Policy Committee in addition to the traditional Audit, Compensation, and Governance committees. For ten years, Microsoft has publicly released data measuring the diversity of its workforce. With the prominence of Artificial Intelligence (AI), the company has launched a 5-point blueprint for governing AI to address public policy and regulation. Environmentally, Microsoft has multiple programs to be carbon negative by 2030. The company has signed Purchase Power Agreements for carbon-free energy totaling 13.5 Gigawatts.”

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