(NASDAQ: MSFT) posted its latest earnings report on Oct. 24. For the first quarter of fiscal 2024, which ended on Sept. 30, the tech giant's revenue rose 13% year over year to $56.5 billion and beat analysts' estimates by $1.95 billion. Its EPS grew 27% year over year to $2.99 and also easily cleared the consensus forecast by $0.34.
Microsoft's headline numbers were impressive, but does the stock still have room to run after rallying nearly 40% already this year? Let's review the bear and bull cases for this tech bellwether to see where its stock might be headed.
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Source Fool.com