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Can Microsoft’s stock rise above $300 amid strong fundamentals and record growth in Q4? 

Microsoft’s stock goes from strength to strength, outperforming its peers, as the tech giant and the world’s largest software-maker continues to benefit from the global digital transformation.  

 

The working-from-home and remote-schooling era has had a largely positive impact on Microsoft’s various businesses, which showed significant gains across the board in the second quarter of 2021. 

Microsoft’s recent earnings release, published on July 27, revealed that Microsoft exceeded analysts’ forecasts of $17.4 billion operating profit on $44.3 billion in revenue. 

In fact, the company’s financials showed operating profits rose to $19.1 billion on $46.2 billion revenue – a 42% and 21% year-over-year increase respectively.        

Microsoft has also recently joined an ultra-exclusive club, becoming one of the two US companies to be valued above $2 trillion. The other, of course, being Apple, which currently enjoys a market capitalisation of $2.42 trillion.  

Microsoft

Microsoft stock performance – YTD 

 

Microsoft’s share price is currently hovering near $289, registering a 30% gain since the beginning of 2021 and according to the fundamental and technical analysis carried out by financial analysts, we can expect Microsoft to rise above $300 in the near-term. However, it’s important for potential investors to note that market analysis is based on current market performance and is not a guarantee of future results. 

 

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