"Shares of Microsoft (NASDAQ:MSFT) lost 1.77% over the past five trading sessions after slipping 0.64% the five prior. Still, MSFT is up 40.84% 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."
"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's shares recently fell modestly but remain up substantially from the year-to-date low. Q2 results showed EPS of $3.65 and quarterly revenue of $76.44 billion, beating expectations. Azure momentum drove a 33% revenue jump in FY25 Q3, led by AI services. Microsoft committed $400 million to expand data center capacity in Switzerland to support more than 50,000 customers and broaden AI service availability across sectors. Several analysts raised price targets to $675, $613, and $600. Microsoft took an $800 million Q1 charge from its Cruise investment and cut about 3% of its workforce.
Read at 24/7 Wall St.
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