MSFT Soars 25% as Microsoft Eyes Xbox 360 Games on PC
Microsoft's stock price surged by 25% in just three days, catapulting its market capitalization to nearly $750 billion. This remarkable rally is largely attributed to the company's strong quarterly report, which revealed a 19% increase in revenue and a whopping 43% rise in Azure Cloud and other services' sales.
The Windows-maker's financial performance has been impressive, with analysts praising its growth prospects. Bernstein, Piper Sandler, and Barclays have all raised their price targets for MSFT stock in recent days, while Goldman Sachs has added Microsoft to its U.S. Conviction List with a 'Buy' rating and a $640 price target.
Furthermore, the retail sentiment on Stocktwits remains extremely bullish, unchanged since the company's earnings report last Tuesday. Traders are optimistic about Microsoft's potential for future growth, driven by its AI-powered innovations.