From Nasdaq: 2024-04-17 17:04:26

Microsoft (MSFT) emerges as a dominant force in AI, with Morgan Stanley predicting a 26% upside to $520 per share. Revenue from generative AI could hit $120 billion by 2029, and EPS may double to $24. Quarterly dividend of $0.75 per share, Microsoft boasts a forward earnings multiple of 36.34x.

Microsoft’s Q2 earnings beat projections, with revenue growing 18% year over year to $62 billion. Anticipated growth in productivity, cloud, and personal computing segments. Analysts expect fiscal 2024 earnings to rise 18.4% year over year. Consensus “Strong Buy” rating on Wall Street.

Analysts remain bullish on Microsoft stock, with an average price target of $455.63 implying a 10.7% upside potential. Truist Securities’ Street-high target of $600 suggests a longer-term rally of 45.7%. Microsoft closes its $68 billion acquisition of Activision Blizzard, marking its largest deal ever.



Read more at Nasdaq: Here’s How Much Upside Analysts Are Predicting for Microsoft Stock