Investing can be an exciting and nerve-wracking experience, especially for beginners. If you’re new to the world of investing and unsure of where to start, one option is to focus on stocks that are expected to outperform the market in the next year. One such standout stock to consider adding to your portfolio is Microsoft (MSFT).
Microsoft Corporation is a global leader in technology and dominates the PC software market with a majority share of desktop operating systems. Since its addition to the Zacks Focus List in 2016 at $55.09 per share, MSFT has experienced significant growth, with shares increasing by 672.41% to $425.52.
Analysts have revised their earnings estimates upwards for Microsoft, with the Zacks Consensus Estimate for fiscal 2024 rising to $11.61. The company has also shown an average earnings surprise of 8.8%, indicating strong financial performance. Earnings for Microsoft are expected to grow by 18.4% for the current fiscal year, highlighting the company’s potential for continued success.
Investors looking to capitalize on rising earnings estimates and price momentum can benefit from stocks like MSFT. By identifying companies with positive revisions, investors can position themselves for potential gains in the future. For the latest recommendations from Zacks Investment Research, consider downloading their report on the 7 Best Stocks for the Next 30 Days.
Adding Microsoft to your investment portfolio could be a strategic move given its strong market position and growth potential
