tiprankstipranks
MSFT Earnings: Microsoft Jumps after Stellar Q3 Results
Market News

MSFT Earnings: Microsoft Jumps after Stellar Q3 Results

Story Highlights

Earnings per share came in at $2.94, which beat analysts’ consensus estimate of $2.82 per share.

Shares of Microsoft (NASDAQ:MSFT) gained in after-hours trading after the tech company reported its Q3 results. Earnings per share came in at $2.94, which beat analysts’ consensus estimate of $2.82 per share.

Don't Miss our Black Friday Offers:

Sales increased by 17% year-over-year, with revenue hitting $61.9 billion. This beat analysts’ expectations of $60.8 billion. Microsoft’s Intelligent Cloud division, which includes Azure, made up $26.7 billion of the revenue. In addition, Azure sales grew by 31% year-over-year compared to estimates of 29%.

What Is the Price Target for Microsoft?

Turning to Wall Street, analysts have a Strong Buy consensus rating on MSFT stock based on 32 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. After a 34% rally in its share price over the past year, the average MSFT price target of $477.41 per share implies 21.29% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.

Is It Wise to Allocate $1,000 Toward MSFT Stock Right Now? 

Before you hurry to invest in MSFT, think about the following: 

TipRanks’ team has built the Top Stocks Portfolio for investors, and Microsoft is not included. Our portfolio highlights companies that have been hand-picked for their potential to deliver significant gains in the years ahead. 
See The Stocks >>

Related Articles
TheFlyBuy/Sell: Wall Street’s top 10 stock calls this week
TheFlyGSC’s ‘S.T.A.L.K.E.R. 2’ has sold 1M units so far
Samuel O'BrientBoth Microsoft and Google Are Betting On Rezolve AI (NASDAQ:RZLV)
Go Ad-Free with Our App