3 Green Flags for Microsoft's Future
's (NASDAQ: MSFT) stock is trading near its all-time high as of this writing. The tech giant's stock has soared more than 900% over the past 10 years as Satya Nadella, who took the helm as Microsoft's third CEO in early 2014, boldly expanded its cloud ecosystem, rebooted its mobile strategy, and strengthened its gaming and hardware businesses. Microsoft's investments in OpenAI and the integration of its artificial intelligence (AI) tools into its own search and cloud services also made it an appealing way to profit from the explosive growth of the generative AI market.
From fiscal 2013 to fiscal 2023 (which ended this June), its revenue and earnings per share (EPS) rose at compound annual growth rates (CAGR) of 11% and 14%, respectively. That robust growth silenced the bears who claimed its high-growth days were over.
Microsoft CEO Satya Nadella. Image source: Microsoft.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 102 Buy predictions and 2 Sell predictions.
With a target price of 414 € there is a slightly positive potential of 4.41% for Microsoft Corp. compared to the current price of 396.5 €.
