Reported about 5 hours ago
Microsoft's shares fell significantly following disappointing fiscal second-quarter results, particularly due to underwhelming growth in its Azure cloud platform. Analysts have responded by lowering their price targets, with UBS reducing its target from $525 to $510, attributing the decline to 'execution issues' within Azure. Despite the setback, a majority of analysts still maintain a 'buy' rating on Microsoft, with a consensus target price around $516.
Source: YAHOO