Goldman Sachs Analyst Bullish on Microsoft: Sees Potential for Doubling EPS by FY27 Backed by AI, Cloud Adoption
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $400. Rangan sees potential for Microsoft's EPS to double by FY27, backed by AI and cloud adoption. He also projected revenue of $233.80 billion and EPS of $10.93 in FY24. Microsoft's shares traded higher by 0.51% at $337.79 on the last check Thursday.
September 14, 2023 | 3:24 pm
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Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Microsoft with a price target of $400. He sees potential for Microsoft's EPS to double by FY27, backed by AI and cloud adoption.
The analyst's bullish stance on Microsoft, along with the reiteration of a Buy rating and a high price target, indicates strong confidence in the company's future performance. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100