Goldman Sachs Boosts Estimates for Microsoft (MSFT)

in Gold Gold Investment by admin — March 12, 2010 7:16 am | no comments

Software superpower Microsoft Corporation ( MSFT ) saw its earnings estimates boosted on Friday by analysts at Goldman Sachs. The analyst said it raised its earnings estimates for MSFT through 2012, noting that the PC product cycle will contribute to earnings growth. Goldman currently rates the stock as a “Buy” with a $38 price target. Microsoft shares, which had closed at $29.18 on Thursday, rose 15 cents, or +0.5%, in premarket trading Friday. The Bottom Line We have been recommending shares of MSFT since Aug.28, when the stock was trading at $24.64. The company has a 1.78% dividend yield, based on last night’s closing stock price of $29.18. Microsoft Corporation ( MSFT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .