Microsoft analysts bullish despite CFO reference to AI’s graduality
Microsoft Corp. said one of the last words investors wanted to hear Tuesday in light of a big run up in its stock, but analysts seemed nonetheless undeterred.
Though Microsoft underwhelmed a bit with its fiscal first-quarter forecast, Evercore ISI’s Kirk Materne said the company was correct to take a conservative view of AI revenue timing for the year ahead. Derrick Wood of Cowen & Co. acknowledged that the “timing of growth levers” for Microsoft was one area where investors didn’t get “much clarity” in the latest report, though he also stayed bullish over the long run, maintaining an outperform rating and $390 target.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alphabet earnings push stock up 6%, CFO Porat to become president, chief investment officerGoogle parent Alphabet’s stock jumped 6% in after-hours trading after $GOOGL beat estimates on the top and bottom line, and announced the transition of Chief Financial Officer Ruth Porat to president and chief investment officer in September.
Read more »
Alphabet earnings push stock up 7%; CFO Ruth Porat to become president, chief investment officerRuth Porat, who has played an essential role in Google’s advertising success since she became CFO in 2015, will start her new role as president and chief investment officer on Sept. 1.
Read more »
India's Vedanta CFO says confident of meeting debt maturities in FY24India's Vedanta is confident of meeting its debt maturities of $2.7 billion this fiscal year and committed to bringing down its debt, its CFO said on Monday.
Read more »
Boston Beer names Diego Reynoso its next CFOBoston Beer Co. late Monday said it has appointed Diego Reynoso as its chief financial officer and treasurer, effective Sept. 5. Reynoso has more than 25...
Read more »