Microsoft (MSFT) Stock Gains on Q1 Beat as Cloud Revenue Surges 36%
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Microsoft (MSFT) PT Raised to $380 at Stifel
October 27, 2021 5:38 AM EDTStifel analyst Brad Reback raised the price target on Microsoft (NASDAQ: MSFT) to $380.00 (from $325.00) while maintaining a Buy rating.
The analyst commented, "MSFT posted another strong quarter, topping estimates across-the-board. As expected Commercial-Cloud outperformed, but Windows also exceeded expectations as the Windows 11 release... More
Microsoft (MSFT) Stock Gains on Strong FQ1 Results and Guidance, Analysts Raise Price Targets on Azure and Windows Outperformance
October 27, 2021 5:23 AM EDTMicrosoft (NASDAQ: MSFT) stock is trading over 2% higher in pre-open Wednesday after the company reported better-than-expected FQ1 results and guidance.
Microsoft reported EPS of $2.71 to crush the analyst estimate of $2.07. Revenue for the quarter came in at $45.3 billion versus the consensus estimate of $43.97 billion.
Digital technology is a deflationary force in an inflationary economy. Businesses small and large can improve productivity and the affordability of their products and services by building tech intensity. The Microsoft Cloud delivers the end-to-end platforms and tools organizations need to navigate this time of transition and change, said Satya... More
