Morgan Stanley analyst Keith Weiss raised the firm’s price target on Microsoft (MSFT) to $582 from $530 and keeps an Overweight rating on the shares, noting that Q4 exceeded expectations across all revenue segments. With shares up about 30% since the March print and near all-time highs, investor expectations were “well elevated,” but Q1 guidance came in ahead of consensus on revenues, operating margins and EPS, with Azure expected to sustain about 37% constant currency growth, the analyst added.
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