Where Will Microsoft Stock Be in 3 Years?
Shares of (NASDAQ: MSFT) have delivered steady gains of 41% in the past three years, edging the S 500 index's jump of 34% by a small margin, but the world's third-largest company by market cap has failed to gather any steam in 2024.
More specifically, Microsoft stock has delivered just 11% gains this year, underperforming the S 500 index by a big margin. The stock's underperformance may seem a tad surprising considering that it has been clocking healthy growth quarter after quarter. In this article, we will take a closer look at Microsoft's prospects for the next three years and check if the tech giant can overcome a disappointing 2024 to become a long-term winner.
Microsoft's revenue in the recently concluded fiscal year 2024 (which ended on June 30) increased by 15% year over year in constant-currency terms to $245 billion. This healthy double-digit growth was driven by the growing demand for the company's Microsoft 365 office collaboration and productivity tools, an impressive jump in its Azure revenue, and a 9% jump in search and news-advertising revenue.
Source Fool.com
Microsoft Corp. Stock
Currently there is a rather positive sentiment for Microsoft Corp. with 158 Buy predictions and 6 Sell predictions.
As a result the target price of 503 € shows a very positive potential of 59.13% compared to the current price of 316.1 € for Microsoft Corp..
