From Nasdaq: 2024-11-13 06:12:38

Microsoft Corporation (MSFT) is a tech giant with a market cap of $3.1 trillion, offering software, services, and solutions worldwide. While MSFT stock has underperformed the market, gaining 14.4% in the past year, its YTD increase of 12.5% lags behind the S&P 500’s 25.5% rise.

Compared to the Technology Select Sector SPDR Fund (XLK), MSFT’s underperformance is less pronounced. XLK has gained 31.6% in the past year, with a 22.7% YTD increase surpassing MSFT’s returns.

Currently, MSFT stock is 9.7% below its all-time high, impacted by the CrowdStrike outage and Q1 earnings report. Despite recent struggles, MSFT reported Q1 results exceeding expectations, with an EPS of $3.30 and revenue of $65.6 billion.

Analysts predict a 9.7% EPS growth for MSFT in the current fiscal year, with a consensus rating of “Strong Buy” among 40 analysts covering the stock. Loop Capital Markets analyst Yun Kim maintains a “Buy” rating on MSFT with a price target of $500, implying an 18.2% upside potential from current levels.



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