Microsoft hikes dividend by 10%, approves $60 bln share buyback program
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Where can the the AI trade go from here? Barclays weighs in
September 17, 2024 7:30 PM EDTIn a note Tuesday, Barclays analysts took a fresh look at the AI landscape, assessing the future potential of the AI trade amidst waning investor enthusiasm.
The bank said recent sentiment has been tempered by "slow end-user adoption, high cost to serve, and capex vs. revenue mismatch."
However, they argue that this time lag is typical of major technology transitions and suggest that the... More
Deutsche Bank Reiterates Buy Rating on Microsoft (MSFT)
September 17, 2024 9:31 AM EDTDeutsche Bank analyst Brad Zelnick reiterated a Buy rating and $475.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "What's New: Consistent with historical cadence, Microsoft announced a 10.7% increase in its quarterly dividend to $0.83/sh (from $0.75/sh) on Monday after the close, along with a new $60bn share repurchase authorization with no set expiration... More
