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Evercore ISI Reiterates Outperform Rating on Microsoft (MSFT)
October 22, 2024 5:39 AM EDTEvercore ISI analyst Kirk Materne reiterated an Outperform rating and $500.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "Dont let the price action fool you, fundamentals remain solid. Not surprisingly, we have fielded a lot of whats wrong with MSFT? questions lately given the underperformance vs. the S&P 500 over the last few months. We believe the answer from a fundamental perspective is: nothing. Cloud demand remains strong, Copilot is steadily gaining traction, and... More
