Microsoft and Meta shares fall in Frankfurt despite earnings beat
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Goldman Sachs Reiterates Buy Rating on Microsoft (MSFT)
October 31, 2024 6:35 AM EDTGoldman 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
Evercore ISI Reiterates Outperform Rating on Microsoft (MSFT)
October 31, 2024 5:49 AM EDTEvercore 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
Meta Platforms Inc. (META) PT Raised to $700 at DA Davidson
October 31, 2024 5:43 AM EDTDA Davidson analyst Gil Luria raised the price target on Meta Platforms Inc. (NASDAQ: META) to $700.00 (from $600.00) while maintaining a Buy rating.
The analyst comments "We reiterate our BUY rating and raise our price target to $700 following solid earnings that were highlighted by... More
Citi Reiterates Buy Rating on Microsoft (MSFT)
October 31, 2024 5:41 AM EDTCiti 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
Meta Platforms Inc. (META) PT Raised to $705 at Citi
October 31, 2024 5:40 AM EDTCiti analyst Ronald Josey raised the price target on Meta Platforms Inc. (NASDAQ: META) to $705.00 (from $645.00) while maintaining a Buy rating.
The analyst comments "With advertising revenue +20% Y/Y ex-FX and growth across both ad impressions (+7% Y/Y) and pricing (+11%... More
Barclays Reiterates Overweight Rating on Microsoft (MSFT)
October 31, 2024 5:31 AM EDTBarclays 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
