The GraniteShares 2x Long MSFT Daily ETF (MSFL) rose to $23.55, up 1.25% as of 9:42 AM ET on November 26th. Microsoft (MSFT) shares have shown resilience despite recent technical indicators suggesting potential declines. The stock has twice formed a death cross in November, a bearish signal where the short-term moving average crosses below the long-term moving average. However, MSFT has defied these signals, climbing 2% since the first death cross appeared. This upward movement is partly attributed to the market's positive reaction to Donald Trump's re-election, which provided a significant boost to tech stocks, including Microsoft.
In addition, Barclays Bank has maintained an "overweight" rating for Microsoft, with a target price of $475, indicating confidence in the company's long-term prospects. The ongoing antitrust lawsuit against Google is not expected to significantly impact Microsoft in the short term, as Bing represents a small portion of its revenue. However, potential changes in Google's business practices could eventually benefit Microsoft by increasing Bing's market share. Analysts remain bullish on Microsoft's future, with several firms upgrading their forecasts and setting high price targets, reflecting optimism about the company's growth potential.