Analysts Recommend Buying BYD Electronic, Block, and Microsoft
Analysts are expressing optimism about several technology companies, as indicated by recent reports. BYD Electronic (International) Co (BYDIF), Block (XYZ), and Microsoft (MSFT) have each received “Buy” ratings from various analysts.
BYD Electronic (International) Co (BYDIF)
Alex NG from CMB International Securities maintained a Buy rating on BYD Electronic (International) Co, setting a price target of HK$48.66. The company’s shares closed at $6.20 on Monday. According to TipRanks.com, NG is a top analyst with a strong track record. The consensus among analysts is a “Strong Buy” for BYD Electronic (International) Co, with an average price target of $8.06, representing a 34.9% potential increase. DBS also maintained a Buy rating, setting a price target of HK$70.00.
Block (XYZ)
Daniel Perlin from RBC Capital maintained a Buy rating on Block, with a price target of $86.00. The company’s shares closed at $62.58 on Monday. The analyst consensus on Block is a Strong Buy with an average price target of $96.35, a 54.5% upside from current levels. KBW also upgraded the stock to Buy with an $80.00 price target.
Microsoft (MSFT)
Kash Rangan from Goldman Sachs reiterated a Buy rating on Microsoft, with a price target of $500.00. The company’s shares closed at $393.08 on Monday. Microsoft has a Strong Buy consensus among analysts, with a price target of $511.76, which is a 29.4% upside from current levels. UBS also maintained a Buy rating on the stock with a $510.00 price target.
