"Microsoft's stock fell roughly 4% after third-quarter earnings despite reporting results that largely reinforced the bull case. Revenue rose 18% to $82.9 billion, while operating income increased 20% to $38.4 billion."
"The AI business is scaling quickly. Management said it has surpassed a $37 billion annual revenue run rate, growing 123% year over year. At the same time, backlog remains strong."
"Despite the earlier selloff, analyst sentiment has not changed. Out of 58 firms, 55 rate the stock a Buy or Strong Buy, with just 3 Holds and no Sell ratings."
Microsoft's stock trades around $408, with analysts predicting a target of $576.42, indicating a 41% upside. The company reported strong Q3 earnings, with revenue rising 18% to $82.9 billion and operating income increasing 20% to $38.4 billion. Cloud revenue reached $54.5 billion, up 29%, and AI business is scaling rapidly, surpassing a $37 billion annual revenue run rate. Analyst sentiment remains positive, with 55 out of 58 firms rating the stock a Buy, supported by a strong backlog and growth in Azure and AI.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]