Drew Angerer/Getty Images Bank of America raised its Microsoft earnings estimate by 1% above their $60.5 billion Q3 revenue forecast, expecting a 16.6% stock upside. The bank expects the tech giant's solid 11% year-over-year growth, fueled by Azure and M365 strength. However, BofA sees Microsoft's valuation remain steady, driven by the booming AI market projected to reach $944 billion by 2027. Wall Street is eagerly awaiting Big Tech earnings to show signs the artificial intelligence revolution is well underway, and Microsoft's first-quarter results next week may show that playing out.
Microsoft Has 17% Upside Potential And Upcoming Earnings Will Show Strong Ai-driven Growth, Bank Of America Says
yzhan@insider.com (Yuheng Zhan), Business Insider
Thu, 04/18/2024 - 10:24am
Topics: drew angerer/getty images q3 wall street big tech april azure brad sills adam bergere commercial office asp."[w]e ai-related business insider bank america microsoft m365 bofa ai m365 copilot commercial office asp commercial office upside potential earnings show growth billion sees strength thursday year-over-year users estimate giant valuation revenue analysts steady market surge projected
BING NEWS:
- AI-Driven Growth Set To Strengthen Google's Ad Revenue: Goldman Sachs
Google AI tools & services launch for digital advertising. AI improves ad spend, streaming video & content. Alphabet well-positioned for AI theme.
05/22/2024 - 5:33 am | View Link - You Searched For "Microsoft Office 365" and got 20 results
Microsoft Office 365 latest news, photos, videos, breaking news, special reports, blogs, and updates from Business Insider India ...
05/21/2024 - 6:52 am | View Link - Microsoft results top Wall Street targets, driven by AI investment
Earnings per share of $2.94 topped Wall Street's target of $2.82. At the same time, Microsoft's AI-driven capital expenditures ... higher than a 29% growth estimate from market research firm ...
04/26/2024 - 2:40 pm | View Link - Microsoft has 17% upside potential and upcoming earnings will show strong AI-driven growth, Bank of America says
Wall Street is eagerly awaiting Big Tech earnings to show signs ... representing potential upside of nearly 17% from levels on Thursday. The bank sees 11% year-over-year growth "stemming from ...
04/19/2024 - 7:21 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more