Microsoft Corporation (MSFT) Stock Price Forecast and Latest News
Strong Earnings Expectations and Positive Analyst Sentiment
Microsoft Corporation (MSFT) has been a consistent performer in the tech industry, and analysts are expecting another strong quarter when the company reports its earnings later this week. According to CNN Business, the average target price among 39 analysts with 12-month forecasts is $438.67, with a low estimate of $340.00 and a high estimate of $485.00.
Impressive Q3 Revenue Projection
Bank of America has recently raised its earnings estimate for Microsoft, predicting a 16.6% upside in stock value. The bank's analysts expect Q3 revenue to surpass $60.5 billion, contributing to the company's overall positive financial outlook.
Earnings Report Preview
Microsoft is expected to release its quarterly earnings report after the market closes on Wednesday, April 27th. Analysts anticipate earnings per share (EPS) of $2.81, representing a 14.7% increase from the same quarter last year. Investors will be closely monitoring the company's performance and guidance for the future.
Key Financial Information
As of 10:10 AM EDT, Microsoft Corporation (MSFT) stock is trading at $406.67, with a 5.71% increase since market open and a 1.42% increase over the past 5 days.
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