MSFT stock, on the other hand, slipped just 6.6% in October. (NASDAQ:AMZN) plunged 20.2% in the month of October, while Google parent Alphabet Inc (NASDAQ:GOOGL) tumbled 9.7%.
Looking at Microsoft’s mega-cap peers, we see that, Inc. Unsurprisingly, tech stocks have taken a serious hit. In particular, the Nasdaq plunged 9.2% for the month, marking its steepest monthly drop since November 2008. stock market had a huge sell-off in October 2018. What’s particularly worth noting is MSFT stock’s resilience in the recent market downturn. To put this in perspective, the S&P 500 Index returned -1.7% during this period, the Dow is down 1.5%, while the Nasdaq climbed a measly 0.7%. Year-to-date, Microsoft stock has returned 27%.
And the good news is, despite being in the volatile tech sector, the company’s performance so far this year has been nothing short of impressive. Microsoft is a component of the S&P 500 Index, the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite. And that’s one of the reasons why many investors, myself included, love this Redmond, Washington-based tech giant. Still, it’s not a perfect correlation, because over time, Microsoft stock has greatly outperformed the benchmark indices. And when the market tumbles, the stock will likely be in the red. That is, when the market goes up, MSFT stock tends to do well. Like many mega-cap tech stocks, Microsoft stock has exhibited a positive correlation to the overall market. In my opinion, shares of Microsoft could reach $125.00 apiece, which would represent an upside of around 15%.īefore we start with the 2019 forecast, let’s go over MSFT stock’s performance in 2018 so far.
As we get ready for the new year, investors are wondering what the MSFT stock forecast 2019 would look like. But its performance in 2018 has still been very impressive, especially if you take into account the volatile market environment in recent months. In today’s market, Microsoft Corporation (NASDAQ:MSFT) is not exactly the hottest ticker. For 2019, the stock could reach $125.00 apiece. 11:04:21 MSFT stock MSFT stock forecast Microsoft Corporation MSFT stock forecast 2019 MSFT stock financials MSFT stock market cap MSFT stock analysis for 2018 why MSFT stock could reach $125 in 2019 should you consider MSFT stock for long term Microsoft Corporation (NASDAQ:MSFT) stock had a solid run so far into 2018. MSFT Stock Forecast 2019: Why Microsoft Corp.