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<Research> Citi Raises Microsoft Corporation (MSFT.US) TP to USD620, Strong 3Q Results
Citi issued a report reiterating its Buy rating on Microsoft Corporation (MSFT.US) and raising its TP from USD600 to USD620. The company delivered strong results for its third fisc...
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<Research> Citi Raises Microsoft Corporation (MSFT.US) TP to USD620, Strong 3Q Results
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Citi issued a report reiterating its Buy rating on Microsoft Corporation (MSFT.US)      and raising its TP from USD600 to USD620. The company delivered strong results for its third fiscal quarter ended March, with core growth drivers Azure and M365 Copilot regaining leadership and reaching an inflection point, accelerating overall growth.

The report noted that the companys robust backlog and improved execution capability provide better visibility for accelerating revenue growth in Azure and Copilot. The broker expects overall consolidated revenue growth to rise gradually from the current approximately 15% to above 20% in the coming years. (ha/da)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsCore Inflation Rate MoM for Apr in United States is 0.4%, higher than the previous value of 0.2%. The forecast was 0.3%.

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