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Microsoft Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Published 24/10/2023, 14:57
© Reuters. Microsoft Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
MSFT
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Benzinga - by Lisa Levin, Benzinga Editor.

Microsoft Corporation (NASDAQ: MSFT) is expected to release financial results for its first quarter, after the closing bell on Oct. 24, 2023.

Analysts expect the company to post quarterly earnings at $2.5 per share, up from year-ago earnings of $2.35 per share. The company’s revenue might come in at $51.4 billion, compared to $49.61 billion in the year-ago period.

Microsoft shares gained 0.8% to close at $329.32 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Citigroup analyst Tyler Radke maintained a Buy rating and raised the price target from $420 to $430 on Oct. 19, 2023. This analyst has an accuracy rate of 70%.
  • Loop Capital analyst Yun Kim initiated coverage on the stock with a Buy rating and a price target of $425 on Oct. 17, 2023. This analyst has an accuracy rate of 80%.
  • Piper Sandler analyst Brent Bracelin reiterated an Overweight rating with a price target of $400 on Oct. 16, 2023. This analyst has an accuracy rate of 75%.
  • Jefferies analyst Brent Thill reiterated a Buy rating with a price target of $400 on Oct. 16, 2023. This analyst has an accuracy rate of 78%.
  • JP Morgan analyst Mark Murphy reiterated an Overweight rating with a price target of $385on Sept 22, 2023. This analyst has an accuracy rate of 78%.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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