Why Microsoft Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Microsoft Corporation (NASDAQ:MSFT) shares rose 3.6% to $342.51 in pre-market trading as the company posted stronger-than-expected results for its fiscal first quarter. Piper Sandler maintained Microsoft with an Overweight and raised the price target from $400 to $425. Alphabet Inc. (NASDAQ:GOOGL) shares fell 6.8% to $129.42 in pre-market trading. Alphabet reported better-than-expected earnings and sales results for its third quarter, but recorded downbeat performance for its cloud computing unit.
October 25, 2023 | 12:03 pm
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NEGATIVE IMPACT
Alphabet shares fell despite better-than-expected Q3 results due to weak performance in its cloud computing unit.
Despite better-than-expected Q3 results, Alphabet's shares fell due to a downbeat performance in its cloud computing unit, which is a key growth area for the company.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Microsoft shares rose following strong Q1 results and a raised price target from Piper Sandler.
Microsoft's stronger-than-expected Q1 results and a raised price target from Piper Sandler are positive signals for the company's stock.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100