Is Microsoft Stock a Buy?
Microsoft (NASDAQ: MSFT) posted its latest earnings report on Jan. 30. For the second quarter of fiscal 2024, which ended on Dec. 31, its revenue rose 18% year over year to $62 billion and exceeded analysts' estimates by $890 million. Its earnings per share climbed 33% to $2.93 and also cleared the consensus forecast by $0.16.
Those headline numbers were dazzling, but Microsoft's stock has already rallied more than 60% over the past 12 months and is hovering near its all-time high. Should investors still buy more shares of this tech giant today?
Microsoft CEO Satya Nadella. Image source: Microsoft.
Source Fool.com
Microsoft Corp. Stock
€391.80
1.500%
The stock is one of the favorites of our community with 108 Buy predictions and 1 Sell predictions.
With a target price of 419 € there is a slightly positive potential of 6.94% for Microsoft Corp. compared to the current price of 391.8 €.
