5 Top Rated Blue Chip Stocks Wall Street Analysts Are In Love With: January 2024

3. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Investors In Q3 2023: 306

Average Analyst Share Rating: 1.7

Microsoft Corporation (NASDAQ:MSFT) is a global software giant with a presence in cloud computing, personal computing, and other lucrative technology industries. Its shares scored a win in January 2024 when BNP Paribas upgraded them to Outperform from Neutral and increased the share price target to $471 from $350.

As of September 2023 end, 306 hedge funds among the 910 that were part of Insider Monkey’s database were Microsoft Corporation (NASDAQ:MSFT) shareholders. Michael Larson’s Bill & Melinda Gates Foundation Trust was the biggest investor due to its $12.4 billion investment.

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