Is Microsoft (MSFT) Stock a Buy Ahead of Earnings Wednesday?

TLDR Microsoft (MSFT) stock rose 1.54% Tuesday and is up 9% this year ahead of Wednesday’s fiscal first-quarter report. Options pricing implies a move of about 5% either way, or a range of $500 to $549 from Friday’s close. Analysts expect revenue of $90.64 billion, up about 17%, and adjusted earnings of $4.73 per share. Intelligent Cloud revenue is forecast to jump 33% to $41.09 billion. All 13 analysts tracked by Visible Alpha rate the stock a buy, with a mean price target of $614. Microsoft (MSFT) stock rose 1.54% on Tuesday ahead of its fiscal first-quarter report due Wednesday after the close. The stock is up 9% so far this year.

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