Microsoft MSFT stock rises 9% after earnings report, despite top banks lowering target prices
2026-07-30 13:35:54
According to CoinMeta, Microsoft’s ($MBL$) stock rose by 9% after the release of its fourth-quarter financial report for 2026, despite a top-tier bank having lowered its target price to $470. Microsoft’s financial report showed revenue of $90 billion and earnings per share of $4.81, both exceeding Wall Street’s expectations of $4.24 billion and $87.62 billion respectively. Microsoft’s cloud business revenue was $59.3 billion, a year-on-year increase of 27%, and revenue from $MSFTKEEP_2$ and other cloud services grew by 43%. Microsoft Chief Financial Officer Amy Hood stated that the strong financial results laid a foundation for the company’s future growth.
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Source:Watcher.Guru
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