Microsoft (MSFT) has received a new Buy recommendation from Rishi Jaluria of RBC Capital, who maintained his rating with a price target of $525.00. The company also received a Buy rating from Jefferies’s Brent Thill in a report issued today. This comes after Microsoft reported strong quarterly results for the period ending December 31, with revenue of $69.63 billion and a net profit of $24.11 billion, exceeding the previous year’s figures of $62.02 billion and $21.87 billion, respectively. However, not all analysts are bullish on the stock, as KeyBanc maintained a Hold rating on April 25. Microsoft’s performance has been notable in the technology sector, particularly in cloud and AI segments.
Analyst Ratings and Performance
Rishi Jaluria, an analyst with RBC Capital, has an average return of -10.8% and a success rate of 39.31%. Jaluria covers the technology sector, focusing on stocks such as MongoDB, Clearwater Analytics Holdings, and Microsoft. The company’s strong quarterly results have sparked rally in AI stocks, with Microsoft and Meta Platforms seeing significant gains after their earnings reports.
Earnings Highlights
Microsoft’s latest quarterly earnings release showed significant growth in revenue and net profit compared to the same period last year. The company’s cloud and AI segments were particularly strong, driving the overall growth. For the next quarter, Microsoft expects More Personal Computing segment revenue to be between $12.35 billion and $12.85 billion.
