Analysts are getting even more bullish on Microsoft's A.I. prospects after latest earnings report

📆 26/04/2023 16:56:00
📰 CNBC

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Analysts are adding to bullish sentiment on Microsoft after the company reported an earnings beat on Tuesday.

Microsoft's big swings on artificial intelligence are paying off, and analysts are even more bullish on the tech giant. The company reported Tuesday quarterly earnings and revenue that beat analyst expectations. Finance chief Amy Hood also said Microsoft sees revenue of $54.85 billion to $55.85 billion for the fiscal fourth quarter. The middle of that range tops a Refinitiv forecast of $54.84 billion.

mountain Microsoft jump on earnings report. Analysts were quick to praise Microsoft after those results. "We believe Microsoft is one of the most compelling investment opportunities in the technology industry and across sectors," Goldman Sachs analyst Kash Rangan wrote Tuesday.

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