"Shares of Microsoft (NASDAQ:MSFT) gained 1.07% over the past five trading sessions after slipping 1.77% the five prior. Still, MSFT is up more than 44% since its year -to-date low on April 8. The company's reported strong Q2 earnings on July 30. The Magnificent Seven mainstay reported EPS of $3.65 versus analysts' expectations of $3.35, while quarterly revenue came in at $76.44 billion. MSFT is now up 19.42% this year."
"In August, Truist raised its price target on Microsoft to $675 from $650 while keeping a "Buy" rating. That follows price target upgrades that came i n July. Citi raised its price target on Microsoft to $613 from $605 while keeping a "Buy" rating. Piper Sandler raised its price target for MSFT to $600 from $475 while keeping an "Overweight" rating."
"On June 5, it was reported that the company will be expanding its AI and cloud investments in Switzerland, committing $400 million to expand its data center infrastructure in the European nation. The additional capacity is expected to support more than 50,000 current customers and expand the availability of AI services for more sectors, including health care, finance government. Microsoft is capitalizing on its Azure platform's momentum as revenue jumped 33% in FY25 Q3, driven by AI services."
Microsoft shares rose following strong quarterly results and remain well above their April lows. The company reported Q2 EPS of $3.65 versus analysts' $3.35 and quarterly revenue of $76.44 billion. MSFT is up more than 44% since its year-to-date low and about 19.42% for the year. Several banks raised price targets to $675, $613, and $600 while maintaining Buy/Overweight ratings. Microsoft committed $400 million to expand Swiss data-center infrastructure to support over 50,000 customers and broaden AI services. Azure revenue jumped 33% in FY25 Q3 driven by AI. A prior $800 million Cruise charge and a 3% workforce reduction reflect cost discipline.
Read at 24/7 Wall St.
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