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Wolfe Research Reiterates Outperform Rating on Microsoft (MSFT)
August 27, 2024 5:27 AM EDTWolfe Research analyst Alex Zukin reiterated an Outperform rating and $495.00 price target on Microsoft (NASDAQ: MSFT).
The analyst comments "Last week, MSFT announced a significant resegmentation of its core business groups, impacting its FY25 reporting structure and segment revenue guidance. The changes primarily involve consolidating commercial components of Microsoft 365 into the PBP segment, which now includes revenue from Office 365 Commercial, Enterprise Mobility + Security (EMS), Power BI per-user subscriptions, and cloud portions of Windows Commercial revenue. This... More
