Microsoft stock slips as earnings beat Street, but revenue doesn't


Shares of Microsoft Corp.














MSFT, +1.01%












rose 0.8% in afternoon trade Monday, putting them on track for a 7th-straight gain toward a 2nd-straight record close. The win streak would be the longest since it rose for 8-straight sessions as of Aug. 9, 2018. The software and cloud-computing company continues to hold its lead as the largest U.S. company by market capitalization, ahead of second-place Apple Inc.














AAPL, +0.93%












third-place Amazon.com Inc.














AMZN, +2.10%












and fourth-place Alphabet Inc.














GOOGL, +0.00%












Wall Street analysts are overwhelming bullish on Microsoft’s stock, as 31 of 34 analysts surveyed by FactSet rate it the equivalent of buy, 2 rate it a hold and just one rates it the equivalent of sell. The average price target of $126.37 implies an 8.1% climb from current levels. Microsoft shares have soared 24% over the past 12 months, while Apple’s stock has gained 5.5%, Amazon shares have tacked on 11% and Alphabet shares have edged up 4.6%. The Dow Jones Industrial Average














DJIA, +0.10%












has gained 3.7% the past year.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here