Microsoft Q4 Earnings Preview: Analyst Says 'Stock Still Has Yet To Fully Price In ... Next Wave Of Cloud And AI Growth'
Portfolio Pulse from Chris Katje
Microsoft is set to report its Q4 earnings with analysts expecting strong growth driven by cloud and AI. Analysts predict revenue of $64.36 billion and EPS of $2.93. Microsoft has a strong track record of beating estimates. Wedbush analyst Dan Ives highlights Microsoft's AI growth potential, maintaining an Outperform rating and a $550 price target. Other analysts have also raised their price targets. Key items to watch include Azure growth and the impact of a recent outage caused by CrowdStrike.
July 29, 2024 | 10:04 pm
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POSITIVE IMPACT
Microsoft is expected to report strong Q4 earnings driven by cloud and AI growth. Analysts forecast revenue of $64.36 billion and EPS of $2.93. Wedbush analyst Dan Ives maintains an Outperform rating with a $550 price target, citing robust AI and cloud deal momentum.
Microsoft's strong track record of beating earnings estimates, combined with the anticipated growth in cloud and AI, suggests a positive short-term impact on the stock price. Analyst ratings and raised price targets further support this outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
CrowdStrike was mentioned in relation to a recent outage that affected Microsoft Windows computers. While this event is not expected to significantly impact customer churn, it may be a point of discussion during Microsoft's earnings call.
The mention of CrowdStrike is related to a specific event (Microsoft Windows outage) that is not expected to have a significant impact on its stock price. However, it may be discussed during Microsoft's earnings call.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20