Microsoft is falling after the company issued weak guidance. Analysts are still optimistic

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is falling after the company issued weak guidance. Analysts are still optimistic

Analysts are sticking by

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even after the company’s latest guidance was underwhelming. The company expects fiscal third-quarter revenue to range between $67.7 billion and $68.7 billion . Analysts polled by LSEG expected a forecast of around $69.8 billion. To be sure,

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’s fiscal second quarter earnings and revenue exceeded estimates. Shares were down more than 4% following the report. That said, many analysts kept their bullish outlooks on the tech giant. Here’s what they had to say. Citigroup: buy, $497 per share price target Citi’s forecast calls for more than 12% upside ahead from Wednesday’s close. “We expect stock to trade down on the Azure hiccup but with likely positive EPS revisions given stronger efficiency and with a valuation multiple that is within historical ranges and at similar levels to other large-caps, with better growth/AI revenue at scale at MSFT we remain buyer,” analyst Tyler Radke said. Goldman Sachs: buy, $500 per share price target Goldman’s forecast implies about 13% upside ahead. “We believe

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is one of the most compelling investment opportunities in the technology industry and across sectors,” analyst Kash Rangan said. “With a strong presence across all layers of the cloud stack, including applications, platforms, and infrastructure,

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is well-positioned, in our view, to capitalize on a number of long-term secular trends, such as Gen-AI, public cloud consumption, SaaS adoption, digital transformation, AI/ML, ***/analytics, and DevOps (amongst others).” JPMorgan Chase: overweight, $465 per share price target JPMorgan’s

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equates to 5% upside moving forward for

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stock. “While MSFT shares are valued at a premium on a P/E basis, we believe this premium is warranted based on faster recent organic revenue growth, robust FCF generation, a relatively stronger position within the enterprise, and our belief that

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has pulled ahead of the pack with a state-of-the-art cloud platform,” analyst Mark Murphy said. Mizuho Securities: outperform, $500 per share price target “Despite the disappointment, we remain confident that MSFT’s revenue growth opportunities over the medium-term and beyond are greater than many realize, and we continue to be very bullish on its tangible GenAI adoption and monetization levers,” analyst Gregg Moskowitz said. Deutsche Bank: buy, $475 per share price target Deutsche’s forecast implies more than 7% upside ahead. “With debate in full swing around the impact of AI scaling laws, Moore’s Law, inference time compute, etc. we believe

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’s ability to capture value where it accrues across the stack with its integrated/fungible infrastructure is a differentiator and steadying force,” analyst Brad Zelnick said.

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#falling #company #issued #weak #guidance #Analysts #optimistic

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