Microsoft analysts bullish despite CFO reference to AI’s graduality
Microsoft Corp. said one of the last words investors wanted to hear Tuesday in light of a big run up in its stock, but analysts seemed nonetheless undeterred.
Though Microsoft underwhelmed a bit with its fiscal first-quarter forecast, Evercore ISI’s Kirk Materne said the company was correct to take a conservative view of AI revenue timing for the year ahead. Derrick Wood of Cowen & Co. acknowledged that the “timing of growth levers” for Microsoft was one area where investors didn’t get “much clarity” in the latest report, though he also stayed bullish over the long run, maintaining an outperform rating and $390 target.
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