Microsoft (MSFT) Stock Named Mizuho’s Top Software Pick Into Year-End
TLDR
- Mizuho’s Jordan Klein named Microsoft his top software long into year-end, citing Azure’s potential to surpass 50% growth
- Microsoft posted Q2 EPS of $4.74, beating estimates by $0.50, with revenue of $90.01 billion
- Analysts hold a consensus “Moderate Buy” with an average price target of $559.16
- Hilltop Holdings cut its MSFT stake by 66.4%, while major institutions including Norges Bank and Nuveen added large new positions
- CEO Judson Althoff sold 10,000 MSFT shares on August 5th at an average price of $487.89
Microsoft (MSFT) stock opened at $506.06 on Tuesday, sitting well below its 52-week high of $553.72 but above its low of $349.20. The stock’s year-to-date lag within the Magnificent 7 is actually part of what’s drawing fresh attention from analysts.
Mizuho TMT specialist Jordan Klein has made Microsoft his top software pick heading into year-end. His case rests on a few key pillars: Azure could break above 50% growth as new capacity comes online, FY27 guidance concerns have cleared, and the company remains committed to staying free-cash-flow positive.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
