Microsoft (MSFT) will announce its Q2 earnings results on Wednesday, Jan. 29, after market close. The analysts expect a consensus adjusted EPS of $1.32, up from $1.10 in the same quarter of last year, while revenue could grow by as much as 9,8% in comparison to the same timeframe, to $35.7 billion.
Microsoft stock has risen twice as fast as the S&P 500 in the past 12 months. This performance brought the company to a $1.3 trillion in market value and turned it into the second most valuable company in the world, after Apple. According to prevailing opinions, the cloud-computing business has driven Microsoft’s success in the past years, jumping from $7.8 billion in Q2 2018 to $9.4 billion in Q2 2019. This time around it could rise to $11.4 billion.
Brad Reback from Stifel raised last week his price target to $175 from $160 maintaining the Strong Buy rating on the stock. TipRanks.com’s analyst price target see MSFT stock at $180.33., which is a 8.99% increase from Jan. 28 closing price.
Sources: investopedia.com, barrons.com, forbes.com, tipranks.com
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