Another tech leader that was rewarded investors nicely over the years has been Microsoft (MSFT). I purchased shares in the stock in late 2011 and early 2012. MSFT had been lackluster for a few years before I picked up the stock with Wall Street disappointed at the company’s late and ultimately ineffective move into the smartphone revolution that was taking place. Since I acquired the stock, it has appreciated a very nice 326%. The company corrected that mistake with regards to the new cloud computing revolution, where it has become a leader. Its software division remains solid, and emerging as a leader in the cloud space, analysts see Microsoft growing its profits by 12.3% a year over the next five years. MSFT trades at $96.95 with a $106.61 average price target.
Disclaimer: As of the time of writing, the author holds a long position in this stock.
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