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.
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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