5 Best Cryptocurrency Stocks to Buy Now - 5 of 5

#5 - Microsoft (NASDAQ:MSFT)

Microsoft's (MSFT) Azure cloud computing arm hopes to offer the first mainstream blockchain solution to enterprise businesses. The company is now selling new distributed ledger infrastructure and offering several different blockchain apps for companies to create their own cryptocurrency networks. 

According to Microsoft,  “Rather than spending hours building out and configuring the infrastructure, we have automated these time-consuming pieces to allow you to focus on building out your scenarios and applications. You are only charged for the underlying infrastructure resources consumed, such as compute, storage, and networking. There are no incremental charges for the solution itself.”

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. Read More 

Current Price

$404.27

Consensus Rating

Moderate Buy

Ratings Breakdown

35 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$432.13 (6.9% Upside)

More Investing Slideshows:

• 7 Oversold Stocks That are Ready to Rally
• 7 Stocks with High Short Interest - Market Getting These Right?
• 7 Manufacturing Stocks to Buy as Sector Activity Increases
• 7 Cheap Dividend Stocks Offering Value and Price Upside
• 7 Stocks Under $20 You Won’t Want to Miss
• 7 Best $5 Dollar Stocks to Buy
• 7 Stocks That May Be Next to Split Their Stock
• 7 Stocks from Companies That Can't Stop Talking About AI
• 7 Trending WallStreetBets Stocks to Watch Before the Reddit IPO
• 7 Uranium Stocks That Can Fuel a Growth Portfolio in 2024