What's Going On With Microsoft Shares Friday? (CORRECTED)
Portfolio Pulse from Dylan Berman
Microsoft Corporation (NASDAQ:MSFT) shares are trending as the company is set to release its 2024 fiscal year fourth quarter earnings on Tuesday. Analysts estimate EPS of $2.93 and revenue of $64.35 billion. Piper Sandler analyst Brent Bracelin reiterated an Overweight rating and raised the price target from $465 to $485.
July 26, 2024 | 3:44 pm
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Microsoft is set to release its Q4 earnings on Tuesday, with analysts estimating EPS of $2.93 and revenue of $64.35 billion. Piper Sandler raised the price target to $485.
The upcoming earnings release and the raised price target by Piper Sandler are likely to positively impact Microsoft's stock price in the short term. The anticipation of strong earnings and the positive analyst rating contribute to this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100