Analysts Call Microsoft’s 3% Sell-Off Overdone, Affirm Overweight Ratings
After Microsoft shares fell 3% over two sessions, major strategists deemed the sell-off overdone, underscoring 24% year-over-year Azure revenue growth and robust enterprise licensing renewals. They maintained 'overweight' consensus, pointing to an average price target near $375 on a sub-19x forward P/E multiple.
1. Strategists Label Pullback Overdone
Major Wall Street firms described Microsoft’s 3% two-day share decline as an overreaction, citing Azure’s 24% year-over-year revenue growth and stable Office 365 subscription renewals. Analysts retained overweight ratings and an average price target around $375, pointing to sub-19x forward P/E as an attractive entry point.
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