2023-01-24 11:42:34

Microsoft Set To Report Earnings Today After Cutting Jobs, Here's A Look At Recent Price Target Changes B

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Benzinga
By Lisa Levin

Microsoft Corporation MSFT is scheduled to release its earnings results for the latest quarter after the closing bell on Jan. 24, 2023.

Analysts expect Microsoft to post quarterly earnings at $2.30 per share on revenue of $52.97 billion.

Microsoft recently announced plans to strengthen its business in response to macroeconomic pressures that include 10,000 layoffs.

Microsoft shares rose 1% to close at $242.58 on Monday, and added 0.1% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the

page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Lets have a look at how Benzingas most-accurate in the recent period.

  • BMO Capitals analyst Keith Bachman maintained an Outperform on Jan. 23, 2023, and slashed the price target from $270 to $267. This analyst sees around 10% upside in the companys stock and has an accuracy rate of 67%.
  • Mizuhos analyst Gregg Moskowitz maintained a Buy rating on Jan. 20, 2023, and cut the price target from $305 to $290. This analyst sees around 20% upside in the companys stock and has an accuracy rate of 50%.
  • Evercore ISI Groups analyst Kirk Materne maintained an Outperform rating on Jan. 19, 2023, and lowered the price target from $300 to $280. This analyst sees around 15% upside in the companys stock and has an accuracy rate of 39%.
  • Citigroups analyst Tyler Radke maintained a Buy rating on Jan. 19, 2023, and reduced the price target from $282 to $280. This analyst sees around 15% upside in the companys stock and has an accuracy rate of 55%.
  • Cowen & Co. analyst Derrick Wood maintained an Outperform rating on Jan. 19, 2023, and raised the price target from $285 to $280. This analyst sees around 15% upside in the companys stock and has an accuracy rate of 64%.

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