Microsoft stock closes lower despite rising shares overall, projecting strong growth

From Nasdaq: 2024-09-23 17:45:21

Microsoft (MSFT) closed trading at $433.51, a -0.4% change from the previous session, lagging behind S&P 500’s 0.28% gain. Shares rose 4.43% over the last month, outperforming Computer and Technology sector. Analysts project an EPS of $3.09 and revenue of $64.45 billion in the upcoming earnings report.

Zacks highlights Microsoft’s growth potential with a projected EPS increase of 10.51% and revenue increase of 13.25% for the full year. Zacks Rank of #3 (Hold) reflects confidence. Valuation shows a Forward P/E of 33.39, premium compared to industry average. PEG ratio of 2.31 indicates growth potential, with the Computer – Software industry ranked at 75 out of 250.

Zacks names #1 Semiconductor stock, offering promising earnings growth in AI, ML, and IoT sectors. Global semiconductor market expected to reach $803 billion by 2028. Explore more stock recommendations for potential growth opportunities.



Read more at Nasdaq: Microsoft (MSFT) Stock Falls Amid Market Uptick: What Investors Need to Know