DA Davidson raised the firm’s price target on Microsoft (MSFT) to $650 from $600 and keeps a Buy rating on the shares. The company reported “strong” Q4 earnings that were highlighted by a beat on top and bottom-line expectations, with a notable acceleration in Azure, and the management noting that they’re seeing notable usage across core hyperscaler services and AI-related services, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Storms Ahead for MSFT and AMZN as U.K. Regulator Cracks Down on Cloud Dominance
- Morning Movers: Roblox skyrockets following second quarter results
- CoreWeave Stock (CRWV) Rallies as Citi Upgrades to “Buy” Ahead of Q2 Earnings
- Video: Meta, Microsoft earnings beats powering market higher
- Microsoft price target raised to $625 from $600 at Wedbush