Analysts on Wall Street think Microsoft's post-earnings pullback is a buying opportunity. Shares of the technology company dipped 1% after Microsoft after disappointing cloud revenue obscured stronger-than-expected overall results for the fiscal fourth quarter. Microsoft's Intelligent Cloud segment raked in $28.52 billion in revenue last quarter, while analysts polled by LSEG expected $28.68 billion.
mountain Microsoft stock. But analysts at firms including Goldman Sachs and JPMorgan asserted that weakness created an entry point for investors. They also noted that the company's cloud growth will reaccelerate, while its artificial intelligence offerings remain promising. Take a look at what some analysts around the Street said after Microsoft released its results. Goldman Sachs Analyst Kash Rangan maintained a buy rating on Microsoft and reiterated his $515 per share price target.
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