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Microsoft 'In Major Growth Mode,' Not Slowing Down: 4 Analysts See Strong Azure Demand, AI Monetization Efforts

Benzinga LogoBenzinga12h ago

Microsoft 'In Major Growth Mode,' Not Slowing Down: 4 Analysts See Strong Azure Demand, AI Monetization Efforts - Benzinga

Quick Summary:

The Microsoft Analysts: Bank of America analyst Brad Sills reiterated a Buy rating on Microsoft with a $510 price target.

Bank of America on MSFT: Strong growth of 34% for Microsoft's Azure beat an estimate of 33%, but the segment's future may be impacted by capacity constraints, Sills said in a new investor note.

Microsoft Corporation (NASDAQ:MSFT) analysts saw potential short-term setbacks with capacity constraints and weaker guidance than expected but were also looking at an exciting path for AI monetization ahead after first-quarter financial results.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:13:54 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23351623

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