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Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
On February 1, 2016, MSFT was added to the Zacks Focus List at $55.09 per share. Shares have increased 722.53% to $453.13 since then.
15 analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.23 to $13.30. MSFT also boasts an average earnings surprise of 5.2%.
Earnings for Microsoft are forecasted to see growth of 12.7% for the current fiscal year as well.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like MSFT, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).