What's In Store For Microsoft In Q4? Analyst Sees Azure Strength, Double-Digit Revenue Growth Outlook - Microsoft (NASDAQ:MSFT)

Category: Finance

BofA Securities analyst Brad Sills maintains a Buy rating on Microsoft Corporation (MSFT) and raises the price target from $480 to $510. He anticipates a 1% upside to the fourth quarter revenue estimate of $64.0 billion, driven by Azure strength and Office E3/E5 premium mix. Sills also projects a $100 million upside to the PBP segment revenue estimate, with potential for the Office business to achieve 20% growth by FY26. Overall, he forecasts double-digit revenue growth despite a slight margin decline due to increased capex.

Keywords: Microsoft, BofA Securities, financial results

Source: Benzinga

Update At: 7/19/2024

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