From TradingView · · 50s
Microsoft Earnings Beat, Stock Near $550 Target
Microsoft beat earnings but buyers must push stock back to $550.
In brief
Microsoft beat earnings but buyers must push stock back to $550. Microsoft's stock is near $550 after strong earnings but buyers need to push it higher to reach the target. Originally reported by TradingView.
Microsoft Stock Price
Microsoft stock is trading around $524 after pulling back sharply from the $550 area.
Earnings Report
Microsoft reported quarterly revenue of $92.3 billion, up 19% year over year, with adjusted earnings of $4.89 per share.
Azure Growth
Azure grew 48%, beating the company's own previous growth outlook, and Microsoft expects Azure growth of 49, 50% in the next quarter.
Buyer Target
Buyers need to push price back above $529 before the recovery can gain strength and reach $550.
The essence
Microsoft's stock is near $550 after strong earnings but buyers need to push it higher to reach the target.
