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MSFT May Break $570 as Azure Growth Holds at 40%

MSFT May Break $570 as Azure Growth Holds at 40%

TradingKey – As of the market close on August 21, Eastern Time, Microsoft (MSFT) stock closed at $481.15, having rebounded about 30% from its July low of around $380 since its earnings release on July 29.

According to data from Stock Analysis, as of August 21, 56 analysts set a consensus price target of $569.56, implying an upside of about 17%. From $380 to $481, the market has already repriced Azure’s growth story. The question is, can this price target be delivered?

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[Source: Stock Analysis official website]

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