The investment company Wedbush analyst Daniel Ives (Daniel Ives) issued an investment report on Wednesday local time, saying that Microsoft’s first-quarter fiscal year 2022 performance will be comparable to Picasso’s masterpieces, and the numbers will easily exceed Wall Street expected”. He maintained his Outperform rating on Microsoft stock and raised his target stock price from US$350 to US$375. Microsoft will release its first-quarter earnings report after the US stock market closes on October 26.
Ives said that the communication with Microsoft in September showed that as Azure cloud service growth reached a new level, Microsoft’s performance would rise to the next level. Due to the acceleration of enterprise digital transformation, the scale of transactions continues to grow substantially, Chief Information Officer “One after another is committed to promoting their own enterprises to transform to a cloud service-driven architecture.
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In today’s regular trading, Microsoft’s stock price fell 0.82 US dollars, or 0.27%, to close at 307.41 US dollars. Microsoft’s stock price rose by US$309.7 during intraday trading, setting a new 52-week high.