Is Microsoft Stock a Buy Now?
The past year was a solid one for (NASDAQ: MSFT) investors, as shares of the technology giant gained an impressive 63%, handsomely beating the S 500 index's comparable gains of 28%. The gains were driven by its better-than-expected results in recent quarters and the acceleration in the company's business thanks to artificial intelligence (AI).
But what if you're one of those investors who don't have Microsoft stock in their portfolios yet? Are all the gains already priced in for this tech stock giant?
Microsoft's revenue in the first six months of fiscal 2024 (which ended on Dec. 31) increased 15% year over year to $118.5 billion. Meanwhile, its adjusted earnings over that time jumped 30% to $5.92 per share.
Source Fool.com
Microsoft Corp. Stock
€385.40
-1.670%
The stock is one of the favorites of our community with 109 Buy predictions and 1 Sell predictions.
With a target price of 421 € there is a slightly positive potential of 9.24% for Microsoft Corp. compared to the current price of 385.4 €.
