AI-Summary – News For Tomorrow
RBC Capital analyst Rishi Jaluria reaffirmed a Buy rating on Microsoft (MSFT) on September 26, with shares closing at $514.60. MSFT has a Strong Buy consensus and a target price of $628.36, suggesting a 22.11% upside. Morgan Stanley also reiterated a Buy rating with a $625 price target. Microsoft’s latest earnings showed revenue of $76.44B and net profit of $27.23B, up from $64.73B and $22.04B year-over-year. However, corporate insider sentiment is negative, with increased selling activity, exemplified by Takeshi Numoto’s sale of 2,000 shares. While Jaluria’s TipRanks performance shows an average return of -4.6%, the overall analyst outlook for Microsoft remains positive.
News summary provided by Gemini AI.
RBC Capital analyst Rishi Jaluria maintained a Buy rating on Microsoft on September 26. The company’s shares closed yesterday at $514.60.
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According to TipRanks, Jaluria is an analyst with an average return of -4.6% and a 51.60% success rate. Jaluria covers the Technology sector, focusing on stocks such as HubSpot, MongoDB, and Clearwater Analytics Holdings.
Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $628.36, a 22.11% upside from current levels. In a report released on September 26, Morgan Stanley also reiterated a Buy rating on the stock with a $625.00 price target.
Based on Microsoft’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $76.44 billion and a net profit of $27.23 billion. In comparison, last year the company earned a revenue of $64.73 billion and had a net profit of $22.04 billion
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSFT in relation to earlier this year. Last month, Takeshi Numoto, the EVP, CMO of MSFT sold 2,000.00 shares for a total of $1,051,100.00.
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