Why Citi Analysts Think You Should Buy Microsoft Stock Now

Microsoft Corporation (MSFT) caught fresh attention from Wall Street last week after Citi maintained its “Buy” rating on the stock. The analyst pointed to accelerating momentum in the company’s artificial intelligence products and continued strength in its cloud business as key reasons to stay bullish.

With a market cap of $2.9 trillion, MSFT stock has returned 681% to shareholders over the past decade. Despite these outsized returns, Microsoft is down 30% from all-time highs, allowing you to buy the dip.

Microsoft’s AI and Cloud Businesses Are Key Drivers

In the December quarter, Microsoft reported revenue of $81.3 billion, up 17% year-over-year (YoY). Compared with the prior year, net income grew almost 60% to $38.5 billion. 

Microsoft’s cloud business surpassed $50 billion in quarterly revenue for the first time, growing 26% YoY. Azure, Microsoft’s cloud computing platform, grew 39% in the quarter….