Microsoft(MSFT)'s Shares Could Hit $40 on Buyback Rumors

According to a UBS analyst Microsoft Corporation (MSFT) is close to buying back $20 billion in stock. The UBS analyst expects Microsoft to buyback the stock over the next three months, which would lift earnings by as much as $0.10 per share. The firm is telling clients to buy the stock now, as the company will likely not announce the plan until it's done. They expect shares of Microsoft to climb to $40 next year.

Meanwhile, Notable Calls Blog said, "I see some buy interest in MSFT here in pre-market. $40 target sure sounds huge. But on the other hand, UBS research has been so-so lately".

Related Posts :

Please Note!
This is generally never true. Before buying or selling any stock you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.