Latest news with #GuruFocus
Yahoo
2 hours ago
- Business
- Yahoo
Microsoft Price Target Raised to $613 by Citi
Microsoft (MSFT, Financials) received a price target increase to $613 from $605 by Citi, which reiterated its Buy rating, citing strong demand for Azure cloud services and continued upside in near-term growth forecasts. Warning! GuruFocus has detected 7 Warning Sign with MSFT. According to Citi's research note published Tuesday, the firm expects another quarter of positive revisions, with Azure numbers for the fourth and first fiscal quarters projected to exceed consensus. The new target is based on 30 times fiscal year 2028 earnings per share, discounted back. The company's stock recently traded at $510.06, close to its 52-week high of $514.64, and has gained 21.48% year to date. Citi's internal surveys pointed to strong performance across Microsoft's Copilot and Dynamics platforms. The bank's estimate for fiscal year 2026 Azure growth is about three percentage points higher than market expectations. Citi said Microsoft remains its top pick in enterprise software due to its artificial intelligence exposure, business model quality, and long-term pricing and margin strength. BofA Securities and RBC Capital also raised or reiterated their bullish outlooks in recent weeks, according to publicly available research notes. Microsoft's fiscal fourth-quarter earnings report is expected in late July, which will serve as the next major catalyst for the stock. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
- Yahoo
ServiceNow Smashes Q2 Estimates Again
ServiceNow (NOW) just crushed Q2adjusted EPS came in at $4.09 versus the $3.57 consensus, GAAP EPS hit $1.84 versus $1.60 and revenue climbed to $3.22 B versus $3.12 B, which sent shares up 6% after hours. CFO Gina Mastantuono said Now Assist showed up in 18 of the top 20 deals, pushing deal volume up 50% as heavy hitters like Nvidia (NASDAQ:NVDA) and Starbucks (NASDAQ:SBUX) ramp AI use. Next quarter they're guiding subscription revenue to $3.263.27 billion (versus the $3.21 B estimate) and lifted full?year subs to $12.7712.79 billion, $125 million above the old midpoint. Warning! GuruFocus has detected 3 Warning Sign with NOW. They also teamed with CapZone to modernize a naval yard in Mobile, Ala., and rolled out an agentic workforce management so AI and humans can tag?team tasks. Why it matters: Rapid AI adoption and an upward guidance tweak show ServiceNow is right at the heart of enterprise AI budgets. Investors will be watching Q3 subscription numbers and uptake of these new AI workforce tools. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Business
- Yahoo
ServiceNow Smashes Q2 Estimates Again
ServiceNow (NOW) just crushed Q2adjusted EPS came in at $4.09 versus the $3.57 consensus, GAAP EPS hit $1.84 versus $1.60 and revenue climbed to $3.22 B versus $3.12 B, which sent shares up 6% after hours. CFO Gina Mastantuono said Now Assist showed up in 18 of the top 20 deals, pushing deal volume up 50% as heavy hitters like Nvidia (NASDAQ:NVDA) and Starbucks (NASDAQ:SBUX) ramp AI use. Next quarter they're guiding subscription revenue to $3.263.27 billion (versus the $3.21 B estimate) and lifted full?year subs to $12.7712.79 billion, $125 million above the old midpoint. Warning! GuruFocus has detected 3 Warning Sign with NOW. They also teamed with CapZone to modernize a naval yard in Mobile, Ala., and rolled out an agentic workforce management so AI and humans can tag?team tasks. Why it matters: Rapid AI adoption and an upward guidance tweak show ServiceNow is right at the heart of enterprise AI budgets. Investors will be watching Q3 subscription numbers and uptake of these new AI workforce tools. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
3 hours ago
- Automotive
- Yahoo
Tesla Reports Biggest Quarterly Revenue Drop in Over a Decade
Tesla (TSLA, Financials) posted its steepest quarterly revenue decline in more than ten years, with sales down 12% year over year to $22.5 billion for the AprilJune period. The result missed analyst forecasts of $22.74 billion, according to LSEG data, and came amid growing concerns over CEO Elon Musk's political involvement and its impact on the automaker's global image. Warning! GuruFocus has detected 3 Warning Sign with NOW. Vehicle sales revenue fell 16% as deliveries dropped for a second straight quarter. Tesla previously reported a 14% decline in deliveries for the period. The company said the dip was tied to weakening demand despite the rollout of a refreshed Model Y SUV. Tensions over Musk's political activityincluding the launch of a new political party in the U.S. and ties to Germany's far-right AfDhave weighed on Tesla's reputation. Investor unease has deepened following executive departures, including the recent exit of a top manufacturing executive. Still, Tesla is banking on long-term bets like robotaxis and AI. A limited trial of its robotaxi service began in Austin, Texas, last month, and Bloomberg reported new discussions with Nevada to expand the pilot. Musk's AI firm, xAI, is also expected to play a growing role. Analyst Dan Ives of Wedbush Securities told Al Jazeera that Tesla is at a positive crossroads and called Musk laser focused, citing stabilizing demand in China and the early stages of an aggressive AI strategy. Tesla reaffirmed its AI ambitions despite the weak results, and shares closed up 0.1% on the day before falling 0.3% in after-hours trading. This article first appeared on GuruFocus.
Yahoo
3 hours ago
- Business
- Yahoo
Microsoft Price Target Raised to $613 by Citi
Microsoft (MSFT, Financials) received a price target increase to $613 from $605 by Citi, which reiterated its Buy rating, citing strong demand for Azure cloud services and continued upside in near-term growth forecasts. Warning! GuruFocus has detected 7 Warning Sign with MSFT. According to Citi's research note published Tuesday, the firm expects another quarter of positive revisions, with Azure numbers for the fourth and first fiscal quarters projected to exceed consensus. The new target is based on 30 times fiscal year 2028 earnings per share, discounted back. The company's stock recently traded at $510.06, close to its 52-week high of $514.64, and has gained 21.48% year to date. Citi's internal surveys pointed to strong performance across Microsoft's Copilot and Dynamics platforms. The bank's estimate for fiscal year 2026 Azure growth is about three percentage points higher than market expectations. Citi said Microsoft remains its top pick in enterprise software due to its artificial intelligence exposure, business model quality, and long-term pricing and margin strength. BofA Securities and RBC Capital also raised or reiterated their bullish outlooks in recent weeks, according to publicly available research notes. Microsoft's fiscal fourth-quarter earnings report is expected in late July, which will serve as the next major catalyst for the stock. This article first appeared on GuruFocus.
