From Nasdaq: 2024-06-12 11:45:00

Microsoft’s business is booming, with Azure cloud revenue up 31% and Office sales in double digits. Shares have surged over 30% in a year, reaching a market cap of over $3 trillion. Analyst predicts $4 trillion mark in sight with a $570 price target.

The success of Microsoft’s cloud business has driven profitability higher. Partnership with OpenAI for AI offerings like Copilot AI could boost growth in the future. Expectations for Microsoft to hit $4 trillion market cap, but stock is relatively expensive with mid-30s forward P/E ratio.

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Howard Smith holds Microsoft positions, while The Motley Fool recommends and owns Microsoft shares. Disclaimer: Opinions of the author do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Is Microsoft Going to Be the First $4 Trillion Stock? 1 Wall Street Analyst Thinks So.