$375 Price Target From Global Equities Research

• The shares of Microsoft Corporation (NASDAQ: MSFT) recently received a price target of $375 from Global Equities Research. These are the details.

The shares of Microsoft Corporation (NASDAQ: MSFT) recently received a price target of $375 from Global Equities Research. And Global Equities Research analyst Trip Chowdhry maintained an “Overweight” rating on the company shares.

Chowdhry cited Microsoft’s embracing of the metaverse as one of the reasons for the price target and the rating.

Currently, Microsoft uses holograms and the company is developing mixed and extended reality (XR) apps for the Microsoft Mesh platform. This combines the real world with augmented reality and virtual reality. And recently, Microsoft revealed its plans for bringing mixed reality to Microsoft Teams next year. Plus Microsoft is also making explorable 3D virtual connected spaces for retail and workplaces. For example, the U.S. Army is working with Microsoft on an augmented reality HoloLens 2 headset for soldiers to train.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.