Analysts think the stock can march on higher given the company's leadership in artificial intelligence, among other drivers.
Wall Street analysts are standing by Microsoft even after the company's somewhat mixed quarterly report. The tech behemoth posted adjusted fiscal fourth-quarter earnings of $2.69 per share and $56.19 billion in revenue. That beat a Refinitiv consensus estimate of $2.55 earnings per share on revenue of $55.47 billion. Still, the stock traded more than 3% lower in the premarket after Microsoft issued fiscal first-quarter guidance that fell short of expectations .
mountain MSFT falls after earnings But analysts think the stock can march on higher given the company's leadership in artificial intelligence, among other drivers. "Holding a solid leadership position ahead of a large AI-driven tech cycle, Microsoft stands well positioned for durable double-digit EPS growth over multiple years," Morgan Stanley analyst Keith Weiss wrote on Wednesday.
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