BofA Securities analyst Brad Sills maintains Microsoft Corporation (NASDAQ:MSFT) with a Buy and raises the price target from $480 to $510.
Microsoft will publish the fiscal year 2024 fourth-quarter financial results after the close of the market on Tuesday, July 30, 2024.
Sills sees 1% upside to the fourth quarter revenue estimate of $64.0 billion, stemming from sustained Azure strength, Office E3/E5 premium mix, early Microsoft Copilot traction and a normalizing PC/Windows buying environment.
In addition, the analyst projects a neutral currency impact on growth, consistent with guidance.
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