These 3 Growth Stocks Were Star Performers in April, and They're Still Buys
We're in the midst of the period when companies issue their financial reports for the quarter that ended March 31, and Wall Street pros and regular investors alike are keeping a close eye on the results. With inflation falling but still elevated, and interest rates higher than they've been in years, this earnings season offers an important look into the health of the broader U.S. economy.
So far, there have been some standout performers in the technology sector. Here are three companies that delivered better-than-expected results, and subsequently saw their stock prices pop in April.
Microsoft (NASDAQ: MSFT) has come a long way since the days when the Windows operating system (launched in 1985) was its only blockbuster product. The company has grown to dominate other industries like gaming, cloud computing, and now, artificial intelligence (AI). Investors were particularly pleased with Microsoft's progress in AI during Q1, as it has been weaving the technology through the entire business.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 115 Buy predictions and 3 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 16.02% for Microsoft Corp. compared to the current price of 365.45 €.
