Analysts Are Bullish on Microsoft's Azure and AI Growth Ahead Of Q1 Earnings - Here's Why
Portfolio Pulse from Anusuya Lahiri
Ahead of Microsoft's Q1 earnings, analysts from Citi and Evercore ISI have reiterated their positive ratings on the company, citing potential growth in Azure and AI. Citi analyst Tyler Radke sees Microsoft accelerating total revenue and profitability, helped by stabilizing IT budget trends and new GenAI revenue streams. Evercore ISI analyst Kirk Materne expects Microsoft to deliver solid Q1 results that demonstrate some stabilization in the Azure business, with Y/Y growth of ~26% for Azure seeming realistic due to the uptick in demand for AI services.
October 19, 2023 | 6:36 pm
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Analysts are bullish on Microsoft's Azure and AI growth, which could lead to an acceleration in total revenue and profitability. This positive outlook could potentially impact Microsoft's stock price positively.
The positive outlook from analysts on Microsoft's Azure and AI growth, along with the expectation of solid Q1 results, could lead to increased investor confidence and potentially drive the stock price up.
CONFIDENCE 90
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