Microsoft Stock Forecast & Analysis
Based on the forecasts of 32 analysts, the average target price for Microsoft Corporation’s stock over the next 12 months is USD 291.16. This means that analysts on average expect the stock price to reach this level within the next 12 months. Additionally, the average analyst rating for the company is “Strong Buy,” indicating that analysts believe the stock is a good investment opportunity.
Stock Target Advisor’s analysis of Microsoft Corporation’s stock is “Slightly Bullish.” This is based on a combination of 10 positive signals and 5 negative signals.
At the last closing, Microsoft Corporation’s stock price was USD 242.58. Over the past week, the stock price has increased by +1.40%, over the past month by +1.61% and over the last year by -18.06%. This shows that the stock has been fluctuating in the short-term but has shown a decrease in value over the last year.
Earnings Beat
Microsoft Corp’s second-quarter profit exceeded analysts’ expectations, driven by strength in its Azure cloud-services business, even as demand for personal-computer and corporate software dropped. Adjusted profit was $2.32 a share in the period ended Dec. 31 and overall sales increased 2% to $52.7 billion. Azure’s sales increased 38%, compared with predictions for a 37% increase, excluding the impact of currency fluctuations. However, in the past quarter, the software giant’s growth divisions have faltered as corporate customers became wary of spending in an concerning macro environment. Azure, the cloud-computing services reported positive demand and helped the company meet its growth targets. Microsoft’s CEO, Satya Nadella acknowledged that the industry is going through a period of adjustment,, but reiterated the company will continue to invest in long-term opportunities that the company deems essential, including Artificial Intelligence.
About Microsoft
Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company was founded in 1975 by Bill Gates and Paul Allen and is best known for its Windows operating system and the Microsoft Office suite of productivity software. Microsoft also produces a wide range of other software, services, and consumer electronics.
Over the years, Microsoft has grown to become one of the largest and most valuable companies in the world. It is one of the most widely recognized and respected technology brands, and its products and services are used by individuals and businesses of all sizes around the globe.
Microsoft is currently working on various domains like Cloud, AI, Gaming, Internet of Things, Quantum Computing and many more. Azure, Windows, Office, LinkedIn, Bing and Xbox are some of the notable products of Microsoft.
The company has also been investing in research and development in areas such as artificial intelligence, quantum computing, and the Internet of Things. Microsoft is also a leader in the field of cloud computing, with its Azure platform being one of the most widely used cloud computing services in the world.
