Microsoft (MSFT) Stock: Real-Time Quotes, Financial Data, and Market Insights
Overview
Microsoft Corporation (MSFT) is a multinational technology giant renowned for its software, hardware, and cloud services. Its flagship products include the Windows operating system, the Microsoft Office suite, and the Xbox gaming console.
Stock Performance
As of 10:10 AM EDT on April 18, 2024, MSFT stock was trading at $406.67, representing a decrease of $7.57 (1.84%) from the previous close. The stock has been experiencing a correction after reaching a 52-week high of $424.16 on March 14, 2024.
Analyst Forecasts
According to data compiled by CNN, 39 analysts with 12-month price targets for MSFT stock have an average target of $438.67. The lowest estimate is $306, while the highest is $471. The median price target among the analysts covering MSFT stock is $410, suggesting double-digit upside potential.
Financial Information
Microsoft reported impressive financial results in its most recent quarter, with revenue rising 12% year-over-year to $49.4 billion. Net income increased by 17% to $17.6 billion, driven by strong growth in its Azure cloud computing business and Surface devices.
Company News
Microsoft recently announced a strategic partnership with OpenAI, the developer of the ChatGPT chatbot. The partnership will see Microsoft integrate ChatGPT into its Bing search engine and other products, potentially challenging Google's dominance in the search market.
Conclusion
Microsoft (MSFT) stock remains a highly sought-after investment by growth-oriented investors. With a strong track record of innovation, a diverse product portfolio, and solid financial performance, MSFT is well-positioned to continue delivering value to its shareholders in the years to come.
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