Microsoft (MSFT) PT Lowered to $290 at Stifel
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Go back to Microsoft (MSFT) PT Lowered to $290 at Stifel
October 26, 2022 11:03 AM EDT
Rosenblatt analyst Blair Abernethy lowered the price target on Microsoft (NASDAQ: MSFT) to $285.00 (from $300.00) while maintaining a Buy rating following earnings.
The analyst commented, "After market on Tuesday, Microsoft reported Q1 results, with revenue of $50.1b, ~1% above consensus and our estimates. Microsoft... More
October 26, 2022 6:37 AM EDT
Shares of Microsoft (NASDAQ: MSFT) are trading nearly 6% down in early Wednesday trading after the tech titan offered soft guidance for its fiscal second quarter while also lowering the 2023 revenue outlook.
Microsoft reported an EPS of $2.35 to top the analyst estimate of $2.32. Revenue jumped 11% YoY to $50.1 billion, again higher than the consensus of $49.86 billion. This marks the weakest quarterly sales growth in five years for Microsoft.
Microsoft Azure grew 35% to generate $20.33 billion in sales, while analysts were looking for a 36% growth rate. Microsofts Productivity... More
