Is Salesforce Stock A Buy As Activist Investors Drive Big Changes? Microsoft announced a deal to buy Activision in January 2022 for $68.7 billion in cash. Why Is SoFi Stock Down After Earnings? This thought is reflected in analyst projections for Microsoft, as they expect revenue to only grow at a 5.4% pace in FY 2023 (ending June 30) but an 11% clip in FY 2024. Microsoft is providing its Azure cloud computing infrastructure for OpenAI. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Microsoft Stock Is the One to Own in 2022 and Beyond. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. MSFT stock jumped 4.2% on the news. Sales growth slowed to 12% in the most recent quarter from 21% last year. 10 best stocks to buy for 2023 list is up 13.1% through . Its dividend has been a focus in recent years, with the company having raised its payouts for a dozen straight years. The desktop software group ranks No. QCOM + MMP = 4.0% very safe yield and 17.3% CAGR long-term return potential (K1-tax form) The company has since partnered with Netflixto exclusively run the ads on the streaming company's newly launched ad-supported tier. here for our free guide on how to buy Microsoft Stock. Operating income was similarly strong, up 19%. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. Some of Microsoft's problems may be short lived. A stock market sell-off in 2022 has brought down the share prices of some of the world's most valuable companies. Besides a year when its earnings were inflated and skewed its historical price-to-earnings (P/E) ratio, Microsoft has traded in the mid-to-high 20s valuation range. Microsoft ( MSFT) is a solid stock to own this year. Income-focused investors will also appreciate Microsoft's modest but rapidly growing dividend. After a nearly 30% decline, its shares can now be had for roughly 23 times Wall Street's earnings projections for this year and less than 20 times analysts' estimates for next year. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. That all said, Microsoft did have a period of irrelevance. The Morningstar Rating for stocks encapsulates just that. Microsoft earned an adjusted $2.32 a share on sales of $52.7 billion in the December quarter. 3 Long-Term Stocks to Buy and Hold Forever, U.S. to end COVID vaccine mandates for foreign travelers, others next week, The 7 Best Dividend Stocks to Buy for May 2023. Little did investors know at the end of 2021 a year replete with crypto mania, meme stock frenzies and new trillion-dollar companies . Just days ago, its board of directors approved a 10% increase to its quarterly cash payout, bringing its current yield to a respectable (for a tech growth stock) 1.2%. It's even trying to get further involved in the gaming business by purchasing Activision Blizzard (ATVI -0.36%), although that proposed deal is being scrutinized by regulators. Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks, FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google. Given the current short-term trend, the stock is expected to rise 16.44% during the next 3 months and, with a 90% probability hold a price between $318.99 and $358.62 at the end of this 3-month period.
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