TECH - Microsoft's Strategic Emphasis on AI and Cloud Services Signals Strong Future Performance: Analysts | Benzinga
Citigroup analyst Tyler Radke maintained Microsoft Corp (NASDAQ:MSFT) with a Buy and lowered the price target from $480 to $475.
The analyst remained positive on Microsoft ahead of third-quarter results as his quarterly inputs point to strengthening Azure growth trends boosted again by AI services, with solid CoPilot interest, though more bite-sized deals initially.
Radke’s strong inputs and a more positive PC backdrop against conservative guidance should yield room for upside across key KPIs (including Azure, which should reaccelerate), while he expects continued cost discipline to drive strong EPS upside.
BofA Securities analyst Brad Sills reiterated a Buy rating on Microsoft with a price target of $480.
Following a round of calls with nearly a dozen key Microso? partners, the analyst expects a healthy 1% upside to his third-quarter revenue estimate of $60.5 billion, stemming from sustained strength in Azure and M365.
The analyst expects FX to provide a 50bps tailwind to revenue growth, primarily in line with expectations heading into the quarter.
He expects a 1% upside to his ...