"Mizuho's channel checks were solid overall, with cloud and consumption data points described as 'generally good' and AI adoption characterized as 'very strong.' The only soft spot was cybersecurity demand, which came in mixed."
"Microsoft reports earnings on April 29, just 15 days away, and the setup is worth watching closely. Last quarter, the company posted non-GAAP EPS of $4.14 against a $3.85 estimate, with revenue of $81.27 billion growing 17% year-over-year."
"The broader analyst community remains firmly bullish. The consensus target sits near $585, with 55 Buy or Strong Buy ratings against just 3 Holds and zero Sells."
Mizuho cut Microsoft's price target from $620 to $515 while maintaining an Outperform rating, indicating a broader reset in large-cap software targets ahead of Q1 earnings. The firm's channel checks showed solid cloud and consumption data, with strong AI adoption, although cybersecurity demand was mixed. Despite a 19% year-to-date decline in MSFT stock, the new target suggests significant upside. The analyst community remains bullish, with a consensus target near $585 and a strong majority of Buy ratings.
Read at 24/7 Wall St.
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