On Nov 01, major Wall Street analysts update their ratings for $Microsoft (MSFT.US)$, with price targets ranging from $465 to $550.
Morgan Stanley analyst Keith Weiss maintains with a buy rating, and adjusts the target price from $506 to $548.
J.P. Morgan analyst Mark Murphy maintains with a buy rating, and adjusts the target price from $470 to $465.
BofA Securities analyst Bradley Sills maintains with a buy rating, and maintains the target price at $510.
Citi analyst Tyler Radke maintains with a buy rating, and maintains the target price at $497.
Barclays analyst Raimo Lenschow maintains with a buy rating, and maintains the target price at $475.
Furthermore, according to the comprehensive report, the opinions of $Microsoft (MSFT.US)$'s main analysts recently are as follows:
Microsoft's recent quarterly results did not meet expectations, yet the outlook for Azure's performance by 2025 remains positive, maintaining a constructive stance on the company's prospects.
The firm voiced no concerns regarding Microsoft's Q1 outcomes, labeling them as 'broadly stable-good.' The expectation for Q2's total revenue was set at achievable levels, yet Microsoft's guidance fell short, prompting a decline in share prices after hours. The most significant shortfall in guidance was noted within More Personal Computing (MPC), yet the firm considers MPC's impact as secondary to the core thesis of Microsoft due to the greater importance of higher-margin, more consistent annuity streams. However, it acknowledges that these developments present inconvenient obstacles in the near term.
Azure's growth in constant currency during Q1 exceeded expectations slightly, with a notable contribution from GenAI, as demand continues to surpass supply. Anticipated Azure growth is projected to decelerate to 31%-32% in the upcoming quarter but is expected to pick up speed in the latter half of FY25. Additionally, overall GenAI revenue is forecasted to surpass a $10B run-rate in Q2 of FY25.
After evaluating Microsoft's Q1 outcomes, the observation was made that Azure's growth in the September quarter exceeded expectations by a narrow margin. Nonetheless, the revenue forecast for Azure in the December quarter might not fully meet investor expectations, partly due to a more pronounced supply and demand imbalance compared to the September quarter. Looking ahead, Microsoft's prospects include an anticipated acceleration in Azure's growth, an increase in Microsoft 365 ARPU spurred by a more diverse offering, and a potential reduction in capital expenditures.
The expectation is that shares will remain within a narrow range until there is a relaxation of capacity constraints and a subsequent acceleration of Azure, anticipated to begin in the March quarter. It is projected that a more significant acceleration of overall growth will manifest as the company progresses through the calendar year 2025, fueled by the evolution of AI initiatives, which is likely to create a more favorable scenario for the following year.
Here are the latest investment ratings and price targets for $Microsoft (MSFT.US)$ from 18 analysts:
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美東時間11月1日，多家華爾街大行更新了$微軟 (MSFT.US)$的評級，目標價介於465美元至550美元。
摩根士丹利分析師Keith Weiss維持買入評級，並將目標價從506美元上調至548美元。
摩根大通分析師Mark Murphy維持買入評級，並將目標價從470美元下調至465美元。
美銀證券分析師Bradley Sills維持買入評級，維持目標價510美元。
花旗分析師Tyler Radke維持買入評級，維持目標價497美元。
巴克萊銀行分析師Raimo Lenschow維持買入評級，維持目標價475美元。
此外，綜合報道，$微軟 (MSFT.US)$近期主要分析師觀點如下：
微軟最近的季度業績未達預期，但到2025年Azure的表現前景仍然積極，對公司前景保持建設性立場。
公司對微軟Q1的結果沒有任何擔憂，將其描述爲「廣泛穩定-良好」。Q2的總營業收入預期設定在可實現水平，但微軟的指引未能實現，導致盤後股價下滑。指引中最顯着的缺失在於更個人計算（MPC），但公司認爲MPC的影響次於微軟的核心理念，因爲更高邊際、更一致的年金流的重要性更大。然而，公司承認這些發展在短期內帶來了不便的障礙。
Q1期間Azure在恒定貨幣下的增長略微超出預期，主要得益於GenAI的貢獻，需求持續超過供應。預期Azure的增長在即將到來的季度將放緩至31%-32%，但預計在FY25後半年將加速。此外，整體GenAI營收預計將在FY25 Q2超過100億美元的年運行率。
在評估微軟Q1的結果後，觀察到Azure在9月季度的增長略微超出預期。儘管如此，Azure在12月季度的營收預測可能無法完全滿足投資者的期望，部分原因是與9月季度相比，供需失衡更加明顯。展望未來，微軟前景包括預期Azure增長加速，Microsoft 365 ARPU增長受到更多樣化產品組合的推動，以及資本支出的潛在減少。
預期股價將在一個小區間內保持，直到容量約束放鬆並隨後Azure加速，預計將在三月季度開始。預計隨着公司在2025年日曆年的發展，整體增長將加速，AI計劃的進化將推動下一年呈現更有利的情況。
以下爲今日18位分析師對$微軟 (MSFT.US)$的最新投資評級及目標價：
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