Should Investors Buy Microsoft Stock on the Dip After Azure Revenue Disappoints?
(NASDAQ: MSFT) has been helping lead the charge in artificial intelligence (AI), so when fiscal fourth-quarter revenue for its Azure cloud computing business came up short of analyst expectations, investors were a bit disappointed. After a strong run through early July, the stock dropped a bit and is now up only about 10% on the year.
Let's take a closer look a Microsoft's latest results and whether the stock is a buy after the 10% pullback from its recent July highs.
For its fiscal fourth quarter, Microsoft reported a 15% year-over-year increase in revenue to $64.7 billion while its earnings per share (EPS) rose 10% to $2.95. That came in just ahead of analyst expectations for revenue of $64.5 billion and EPS of $2.94.
Source Fool.com
Microsoft Corp. Stock
€365.30
1.350%
With 111 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 16.07% compared to the current price of 365.3 € for Microsoft Corp..
