Microsoft Corp. closed at a record share price of $83.81 Friday, and its market cap moved higher than $650 billion in intraday trading just a week after the company pushed past $600 billion for the first time since the dot-com boom. The stock hit an intraday record of $86.25 after Microsoft announced a big earnings beat Thursday afternoon, a 9.5% gain that was Microsoft’s biggest intraday move in more than two years. Shares ended the day up 6.4%, just behind Intel Corp. , which also spiked after a strong earnings report, for the best-performing component of the Dow Jones industrial average . FactSet tracked 19 analysts raising their price target on Microsoft after the earnings, with one rating change from hold to buy and one downgrade from buy to hold. Microsoft’s closing price represented a market cap of $646.6 billion, according to FactSet.
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