IS MSFT OVERVALUED?

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365
Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for
organizations and enterprise divisions. Its Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for
developers; and Azure, a cloud platform. It also offers support services and Microsoft consulting services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions.

Microsoft is a rock. No doubt. But i feel like that the stock is priced for perfection and if earnings do not constantly surprise investors, then we could see a strong move downward. Especially when we think FED will increase rates and decrease money supply.

MSFT p/e is only 29 which is pretty low for a tech company but its market cap 2.1 trillion dollars. It is %10 of US GDP and around %2,5 of worlds GDP.
How much more can it grow? Where is the line for a company to be too big?
Right now FED is increasing rates and decreasing money supply which is not good for stock market.
This year we can experience that big techs, such as Google, MSFT, Apple is overvalued for this kind of economic policies.

Lets take a look at important price levels.

Support levels
280
266
241

If we cant keep 280 levels as support, fast downward movement to 266 and 241 is possible.

Resistance leves
299

On the upside if we can breakout of 299 level, it is possible for more increase.
Price targets are
310
320
350

Thanks
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