Microsoft warns of forex hit, cuts forecast

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Go back to Microsoft warns of forex hit, cuts forecast

Microsoft (MSFT) FX Risk More of a Headline Headwind Than a Fundamental Risk Says Citi

June 2, 2022 1:05 PM EDT

Citi analyst Tyler Radke maintains Buy on Microsoft (NASDAQ: MSFT), PT $364.00.

The analyst comments "Microsoft updated FQ4 guidance this morning to reflect the incremental currency headwinds since the late April report. Overall the headwinds appear to have a 1-2% negative impact to prior... More

BMO Capital on Microsoft (MSFT) FX Adjustment to Guidance: 'we think this is largely a neutral event'

June 2, 2022 1:00 PM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $345.00 price target on Microsoft (NASDAQ: MSFT).

The analyst comments "First, if we average the negative changes to the British pound, euro and yen vs. the US dollar, this equates to about a 1% negative change since MSFT reported on 4/26. Hence, while we do not know the exact... More

Mizuho on Microsoft (MSFT): 'we believe that MSFT's fundamentals remain intact'

June 2, 2022 12:18 PM EDT

Mizuho Securities analyst Gregg Moskowitz maintains Buy on Microsoft (NASDAQ: MSFT), PT $350.00.

The analyst comments "Due to recent unfavorable currency headwinds, mgmt opted to provide an update to its F4Q (June) outlook this morning. In particular, MSFT cited an incremental... More

Evercore on Microsoft (MSFT): Early Reaction to Guidance Adjustment Appears Overdone

June 2, 2022 10:58 AM EDT

Evercore analyst Kirk Materne comments on Microsoft (NASDAQ: MSFT) guidance adjustment due to F/X impacts.

The analyst comments "The early reaction to MSFTs guidance adjustment due to F/X seems a bit overdone. F/X will inevitably normalize (or you should be thinking about buying a condo in Capri if it doesnt) and its a... More