Microsoft Shares Rally Amid Earnings; What Do The Analysts Think?

A day after
Microsoft Corporation MSFT
delivered a broad-based earnings and revenue beat for the September quarter, at least two brokerages have upgraded the stock. However, there are analysts who are not ready to change their opinion and reiterated their ratings.

On October 20, the company reported EPS of $0.76 on revenue of $22.3 billion. This is ahead of the Street analysts' estimate of $0.68 per share on revenue of $21.7 billion. The beat was driven by outperformance in all the three divisions with the biggest coming from Personal Computing division.

Related Link: The Street Is Gaining Confidence In Microsoft's Cloud Business

The following brokerages upgraded the stock:

  • William Blair: Market Perform to an Outperform rating.
  • Wunderlich: Hold to a Buy rating.

The following brokerages have maintained their respective rating:

  • Barclays maintains an Overweight rating and boosted the price objective from $60 to $65.
  • Citi retained a Sell rating.
  • Goldman Sachs maintains Neutral rating. However, the firm boosted price target from $57 to $60.
  • Jefferies reiterated its Underperform rating, but lifted the target price from $40 to $43.

At last check, Microsoft was trading up 4.56 percent on the day at $59.86.

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Posted In: Analyst ColorEarningsLong IdeasNewsGuidanceShort IdeasUpgradesPrice TargetReiterationAnalyst RatingsMoversTechTrading IdeasBarclaysCitiGoldman SachsJefferiesWilliam BlairWunderlich
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