Is It Too Late to Buy Microsoft Stock?
(NASDAQ: MSFT) posted its latest earnings report on April 25. For the third quarter of fiscal 2024, which ended on March 31, the tech giant's revenue rose 17% year over year to $61.9 billion and beat analysts' expectations by $971 million. Its earnings per share (EPS) grew 20% to $2.94 and cleared the consensus forecast by a dime.
Those headline numbers were impressive, but is it too late to buy its stock after Microsoft's near-50% rally over the past 12 months?
Microsoft operates three main businesses: the Intelligent Cloud division, which houses its cloud and server products; the Productivity and Business Processes division, which handles Office, Dynamics, and LinkedIn; and the More Personal Computing division, which includes its Windows, Xbox, Surface, Bing, and digital advertising businesses.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 107 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 4.22% for Microsoft Corp. compared to the current price of 406.85 €.
