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Microsoft (NASDAQ:MSFT) charted its seventh consecutive day of gains as its shares ended 0.58% higher at $470.38 on Friday. During the trading hours, the big tech giant set a new milestone as its market capitalization reached $3.5T.
Shares of the company hit a record high of $467.68 on Thursday, rising 0.8% by the close of trading. This marked the tech giant’s first new all-time high since July 2024. The stock extended gains into Friday afternoon, up another 0.6%, lifting its market capitalization to $3.5 trillion.
In the preceding six sessions, MSFT’s shares rose nearly 2%. On a year-to-date basis they are up over 11% compared to nearly 1% uptick in the broader markets.
As per Seeking Alpha’s quant ratings, Microsoft has been rated Hold with a score of 3.48 out of 5. It has an A+ for profitability but has been graded an F for valuation. However, Seeking Alpha and Wall Street appear rather optimistic about the stock. The former has a Buy call for the stock whereas the latter has issued a Strong Buy rating.
Seeking Alpha analyst Thomas Shields said that he’s bullish on the stock despite risks from price hikes and economic uncertainty and recommended to buy the stock.
Shields believes that the company’s gaming segment is an underappreciated growth driver, backed by a robust lineup of studios and successful launches such as Oblivion Remastered.
“The upcoming Xbox showcase could further boost sentiment, as new game announcements and AI integration are expected to drive future revenue,” he said in his article.