On Thursday, January 30, 2025, Microsoft (
MSFT) shares declined after the company reported weaker-than-expected growth in its cloud computing platform, Azure, for its fiscal second quarter. The news led several analysts to reduce their price targets for the tech giant, one of the market’s Magnificent Seven stocks.
UBS, while maintaining its buy rating, cut its price target from $525 to $510, citing concerns over Azure’s performance. According to UBS analysts, Microsoft's forecast for Azure growth in the upcoming quarter fell short of expectations.
The near-term focus will center around the pressing question: What is happening with Azure? the analysts noted, adding that its growth was far worse than we expected.
In a conference call transcript provided by AlphaSense, Microsoft attributed the Azure shortfall to "execution issues" in the non- ...
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