Throughout the first three months of the year, mega-cap stocks have certainly struggled to find their footing this year. Indeed, there have been no exceptions, as experts await which company could be set to reverse its porous position this year. There might be a favorite emerging, as Microsoft (MSFT) may be quickly becoming the best Magnificent Seven stock to buy in April.
There is no shortage of reasons for traders to be optimistic about Microsoft and its prospects in 2025. Despite the ongoing market downturn, the company is among the most promising of its peers. The question is, will it end up being the best Mag 7 stock for the month of April?
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Microsoft to Lead Magnificent Seven in April? Here’s What Experts Are Saying
With increasing geopolitical concerns and economic fragility, the stock market has struggled mightily this year. Despite a 1.43% increase Tuesday, Microsoft has shared in that disappointing performance. Specifically, the stock fell more than 9.5% over the last six months, trading at the $380 level to start the month.
However, there are many who believe its performance is more a reflection of the aforementioned market downturn and less of an indication of the stock’s viability. Indeed, Microsoft (MSFT) may well end up being the best stock buy of all the Magnificent Seven for the month of April.
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Microsoft has emerged as one of the leaders in artificial intelligence over the last year. The firm made waves when it became an early investor in ChatGPT developer OpenAI, and that has paid off massively. Moreover, its AI investment has fueled success in its cloud sector.
The company has seen its cloud revenue increase 20% to $24 billion in Q1, according to a recent report. Moreover, it is steadily closing in on Amazon’s (AMZN) cloud computing dominance. The firm’s Azure offering holds 21% of the market compared to Amazon Web Services (AWS) 30%. Altogether, Goldman Sachs predicts the market will reach heights of $2 trillion by 2030.
These kinds of statistics are fueling an increasingly bullish stance on the stock. According to CNN data, 92% of 60 analysts have a buy rating on the stock. Additionally, it has a $500 median price target, which is 31% up from its current position.
However, Microsoft stock’s high-end projection sits at $600, showcasing an upside of 57%. Even the sock’s low-end projection sits at $415, which is still 8% above where it currently stands. At the end of April, it should be on this way to reaching these heights.