tl;dr
Citi reiterated its Buy rating on Microsoft (NASDAQ:MSFT) after the tech giant held an artificial intelligence tour in New York City on Thursday. The research firm came away impressed from the demand for Microsoft's GitHub Copilot and learned that the company intends to release an Enterprise Copilot...
Citi reiterated its Buy rating on Microsoft (NASDAQ:MSFT) after the tech giant held an artificial intelligence tour in New York City on Thursday. The research firm came away impressed from the demand for Microsoft's GitHub Copilot and learned that the company intends to release an Enterprise Copilot SKU at the end of February at a $39 price point. GitHub Copilot, created by GitHub and OpenAI, is a cloud-based AI tool that allows programmers to write code faster. The event, which featured talks from Microsoft executives including Chief Executive Satya Nadella, Azure CTO Mark Russinovich and cloud vice president Corey Sanders, reinforced the analysts belief in the company's generative AI leadership. Redmond, Wash.-based Microsoft is slated to report fourth-quarter results on Jan. 30 after the close of trading. A consensus of analysts expect the company to earn $2.76 per share on $61.05B in revenue. Analysts remain mostly positive on Microsoft. It has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a STRONG BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates Microsoft a HOLD.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a diverse product portfolio, including software, consumer electronics, and personal computers. It is ranked No. 21 in the 2020 Fortune 500 rankings and is considered one of the Big Five companies in the U.S. information technology industry. The stock performance shows a market capitalization of $1.09 trillion, with a current stock price of $300.90. The company's price-to-earnings ratio is 39.23, indicating a relatively high valuation. The stock has a beta of 1.32, suggesting higher volatility compared to the market. The relative strength index (RSI) is at 29.35, indicating an oversold condition. The moving average convergence divergence (MACD) is at 0.353, suggesting a potential reversal in the short-term trend. The stock has strong support at $218.31 and resistance at $422.18. Overall, the market sentiment for Microsoft is currently bearish, with potential risks associated with the stock's high valuation and volatility.
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