Analysts Boost Outlook for Microsoft Stock Ahead of Earnings Report

Reported 1 day ago

Microsoft is set to unveil its fiscal third-quarter earnings soon, with analysts expressing strong confidence in the company's stock. All 20 analysts surveyed by Visible Alpha recommend buying the stock, anticipating a significant increase in revenue due to the success of its Intelligent Cloud segment. Despite a decline in stock price earlier this year, predictions suggest a positive outlook, with expected revenues of $68.44 billion and net income projected at $23.94 billion.

Source: YAHOO

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