"Shares of Microsoft (NASDAQ:MSFT) lost 0.55% over the past five trading sessions following a loss of 3.55% the five prior as tech's sell-off extends. Still, MSFT is up 41.13% since its year -to-date low on April 8. The company's reported strong Q2 earnings on July 30. The Magnificent Seven mainstay reported EPS of $3.65 versus analysts' expectations of $3.35, while quarterly revenue came in at $76.44 billion. MSFT is now up 19.61% this year."
"In August, Truist raised its price target on Microsoft to $675 from $650 while keeping a "Buy" rating. That follows price target upgrades that came i n July. Citi raised its price target on Microsoft to $613 from $605 while keeping a "Buy" rating. Piper Sandler raised its price target for MSFT to $600 from $475 while keeping an "Overweight" rating."
Microsoft shares experienced short-term declines, losing 0.55% over the past five trading sessions after a 3.55% drop the previous five, yet rose 41.13% from its April 8 year-to-date low and is up 19.61% year-to-date. The company reported strong Q2 results with EPS of $3.65 versus $3.35 expected and revenue of $76.44 billion. Analysts raised price targets, including Truist ($675), Citi ($613) and Piper Sandler ($600). Microsoft committed $400 million to expand Swiss data centers to support AI services and Azure revenue jumped 33% in FY25 Q3. A prior $800 million charge related to GM's Cruise preceded workforce reductions of roughly 3%.
Read at 24/7 Wall St.
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