Microsoft 'Knocked It Out Of The Park': 7 Analysts Dive Deeper Into FQ1 Results
Portfolio Pulse from Priya Nigam
Microsoft Corp (NASDAQ:MSFT) reported strong fiscal first-quarter results, leading to a rise in its share price. Analysts from Bernstein, Piper Sandler, Oppenheimer, Morgan Stanley, Wedbush, BofA Securities, and Wolfe Research all maintained positive ratings and raised price targets. Key highlights include a $2B+ top-line beat, a 27% EPS increase on 12% revenue growth, and strong performance in Azure and AI. The company's management also sounded bullish on the prospects for Copilot.
October 25, 2023 | 4:24 pm
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Microsoft's strong Q1 results and positive analyst ratings could lead to a short-term increase in its stock price.
Microsoft reported strong Q1 results, beating top-line expectations and showing a 27% EPS increase on 12% revenue growth. This, coupled with positive analyst ratings and raised price targets, could lead to a short-term increase in the company's stock price.
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