Microsoft Analyst Bullish On Q2 Prospects With Strong Azure, AI Growth
Portfolio Pulse from Anusuya Lahiri
Citi analyst Tyler Radke has reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $470, citing strong growth in Azure and AI. Radke's fieldwork suggests a solid fiscal second quarter, with high quota achievement levels from resellers. He expects Microsoft to outperform consensus estimates with projected Q2 revenue of $61.597 billion and EPS of $2.80. Microsoft's dividend yield is 0.9% as of Jan. 24, 2024. MSFT shares were up 1.07% at $403.16.
January 24, 2024 | 7:07 pm
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Citi analyst Tyler Radke is bullish on Microsoft's Q2 prospects, expecting a beat on revenue and EPS estimates due to strong Azure and AI growth. He maintains a Buy rating with a $470 price target.
The positive outlook from the Citi analyst, based on strong Azure and AI growth, suggests a potential increase in investor confidence and a positive short-term impact on MSFT's stock price. The reiteration of a Buy rating and a high price target further supports the likelihood of a positive market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100