Technology

Microsoft (NASDAQ:MSFT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 10.54% Wedbush → $450 Reiterates Outperform → Outperform 01/25/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/23/2024 47.39% Truist Securities → $600 Reiterates Buy → Buy 01/18/2024 15.7% Exane BNP Paribas → $471 Upgrades Neutral → Outperform 01/12/2024 11.77% Piper Sandler → $455 Reiterates Overweight → Overweight 01/09/2024 3.17% BMO Capital $400 → $420 Maintains Outperform 01/02/2024 11.77% Piper Sandler $425 → $455 Maintains Overweight 12/28/2023 10.54% Wedbush $425 → $450 Maintains Outperform 12/15/2023 10.54% Mizuho $420 → $450 Maintains Buy 12/13/2023 47.39% Truist Securities → $600 Initiates Coverage On → Buy 12/05/2023 5.63% Argus Research $390 → $430 Maintains Buy 12/05/2023 14.47% China Renaissance → $466 Initiates Coverage On → Buy 11/29/2023 16.68% Tigress Financial $433 → $475 Maintains Buy 11/24/2023 3.17% Mizuho $420 → $420 Reiterates Buy

Microsoft (MSFT) is likely to surpass market estimates for its fiscal second quarter this week, with the technology giant’s financial results a “key barometer” for the pace of artificial intelligence spending, according to Wedbush Securities. The brokerage forecasts the company to post earnings and revenue above the Street’s view of $2.77 per share and $61.13 billion for the December quarter. Investors’ attention will be on the growth of cloud-computing platform Azure, given the activity levels seen during the period from core Microsoft customers heading to the cloud, Wedbush said in a Sunday client note. Customer conversation rates around the Copilot chatbot will also be on investor focus during the earnings call by senior management, as well as early deal sizes and the pace of AI use cases on Azure heading into the next 12 to 18 months. Wedbush anticipates “some conservatism around guidance,” as the Street is aware of the

Microsoft (MSFT) is slated to report its Q2 results in the after-hours session Tuesday, Jan. 30, and analysts polled by Capital IQ are expecting the company to report a profit of $2.77 per share on revenue of $61 billion.