9/14/2023 0 Comments Tik tok stock forecastIt’s not bad, but it’s not box office.īefore we delve straight into the Microsoft share price forecast, let’s zoom in and take a look at how the company, headed up by Satya Nadella, has performed so far this year, and contrast this with the FAANG stocks.Īs you can see, Microsoft stock predictions need to be tempered against how well FAANG stocks and other companies in the tech-heavy Nasdaq 100 have been performing. Microsoft’s, I hear you ask? About 775 per cent over the same period. Netflix’s share price has surged by more than 6,000 per cent since 2010. But as CMC Markets recently pointed out, Microsoft’s stock market history does help explain why this is the case. Sell 327.69 Buy 327.83 Microsoft stock performanceĭespite having a $1.62tr valuation, Microsoft cuts a lonely figure as it isn’t included in the esteemed FAANG group of tech stocks: Facebook, Amazon, Apple, Netflix and Google. Make no mistake: this is going to be a high-stakes deal. It sensationally bought MySpace (remember them?) for $580m in 2005, but ended up selling it for $35m just six years later. Social networks don’t always tend to age well as more modern upstarts come along. But given some estimates suggest TikTok’s US arm could command a whopping price tag of $50bn, there are real concerns that this could end up being an expensive error of judgement. On one hand, TikTok could help Microsoft unlock access to a much younger demographic, people who are far more accustomed to iPhones and iPads than a Windows PC. Meanwhile, analysts making a Microsoft stock forecast have been unable to agree on whether a successful deal will be the best thing that the company’s ever done… or the worst. Microsoft is facing stiff competition in its pursuit of TikTok, with reports suggesting that the rival tech giant Oracle has offered a sweeter deal to ByteDance that’ll see it take control of the app in the US, Canada, Australia and New Zealand. Microsoft stock news: the tick-tock on TikTok But in the end, the arena was mostly empty, making it a stunt that would’ve been hugely embarrassing to him. Thousands of TikTok users recently signed up for tickets to one of his rallies by using fake details, prompting his campaign to set up an overflow area outside. Trump maintains that his main concern is national security, although this may not tell the full story. President Donald Trump has threatened to shut down the video-sharing app within weeks if it remains Chinese owned, despite the fact that it’s the ultimate destination for today’s teenagers. If you’ve been following the news, you’ll be aware that there’s a degree of time sensitivity about this deal. Why, you may ask? Because it’s become a frontrunner in the race to buy the US arm of TikTok from the Chinese technology company ByteDance. The Microsoft share price forecast has been given a surprise boost of late.
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