Microsoft (MSFT) Tops Q1 EPS by 20c
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October 31, 2024 6:35 AM EDT
Goldman Sachs analyst Kash Rangan reiterated a Buy rating and $500.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "We reiterate our Buy rating and $500 PT as we atribute the weakness AH to 1) the slight deceleration in Azure and CM365 CC growth guidance, both down ~200bps, and 2) the negative impact to EPS (~$0.60 annualized or ~5%) from minority interest in OpenAI losses. We remain constructive and view these issues as short-lived... More
October 31, 2024 5:49 AM EDT
Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $500.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "Microsoft reported solid F1Q results that beat expectations across the board, with M365 Commercial Cloud growth of 16% in c/c and Azure growth of 34% in c/c. However, shares are under some pressure in the after-market as the Azure consumption growth was more in... More
October 31, 2024 5:41 AM EDT
Citi analyst Tyler Radke reiterated a Buy rating and $497.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "A healthy top/bottom-line beat (1-2% revenue including 1pt on Azure/5% EPS) , with strong commercial bookings (23% YoY) was offset by some one-off factors... More
October 31, 2024 5:31 AM EDT
Barclays analyst Raimo Lenschow reiterated an Overweight rating and $475.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "In the short term, we fear the wait will continue for MSFT's shares. Short term supply issues around AI capacity are likely to cause stable Azure... More
