Core Viewpoint - UBS has lowered its price target on Microsoft to $600 from $650 while maintaining a Buy rating, attributing this change to sector-wide valuation compression despite improving near-term fundamentals [1] Group 1: Azure Growth Drivers - The ramp-up of Microsoft's Fairwater AI data centers is identified as a key near-term driver of Azure growth [2] - The Atlanta Fairwater facility became operational in October, and the Wisconsin site is expected to go live in the first quarter of 2026 [2] - UBS analysts conducted a site visit to the Wisconsin facility in mid-December, which informed their updated outlook [2] Group 2: Financial Estimates and Adjustments - UBS raised its Azure growth estimates ahead of Microsoft's fiscal second-quarter earnings report scheduled for January 28 [3] - The price target reduction reflects broader multiple compression across the software sector, despite the improved growth outlook [3] - The revised target is based on an assumed calendar-year 2027 free cash flow multiple of 47 times, down from 50 times previously, which still represents a justified premium relative to peers [4]

Core Insights - Microsoft (MSFT) has consistently delivered positive earnings surprises and revisions in recent months, yet the stock has declined by approximately 12% since the last bullish analysis [1] Company Analysis - The company has shown resilience in its earnings performance, indicating strong operational fundamentals despite the stock price decline [1] - The decline in stock price may present a potential buying opportunity for investors looking for value in a company with solid earnings growth [1] Market Perspective - The analyst emphasizes the importance of fundamental analysis in navigating the complexities of technology stocks, suggesting that a deep understanding of risk and reward is crucial for investment decisions [1] - The article aims to provide accessible insights for both seasoned and novice investors, fostering a collaborative exploration of market opportunities [1]

Microsoft provided the FBI with the recovery keys to unlock encrypted data on the hard drives of three laptops as part of a federal investigation, Forbes reported on Friday.Many modern Windows computers rely on full-disk encryption, called BitLocker, which is enabled by default. This type of technology should prevent anyone except the device owner from accessing the data if the computer is locked and powered off.  But, by default, BitLocker recovery keys are uploaded to Microsoft’s cloud, allowing the tech ...

Analysts at Cantor Fitzgerald and UBS expect the company to beat earnings estimates when it reports on Jan. 28. ...

（文章来源：每日经济新闻） 每经AI快讯，1月23日，明星科技股多数走强，AMD涨近4%，台积电、美光科技、微软涨超2%，英伟 达、Meta、亚马逊涨超1%。 ...

格隆汇1月23日｜AMD涨近4%，台积电、美光科技、微软涨超2%，英伟达、Meta、亚马逊涨超1%。 ...

Wall Street analysts expect Microsoft (MSFT) to post quarterly earnings of $3.88 per share in its upcoming report, which indicates a year-over-year increase of 20.1%. Revenues are expected to be $80.23 billion, up 15.2% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is esse ...

The U.S. stock market opened Friday, January 23rd, 2026, with a mixed sentiment, as investors digested a flurry of corporate earnings, upcoming economic data, and the continued narrative of easing geopolitical tensions. While major indices showed modest movements in early trading, a notable rotation from mega-cap technology stocks towards small-cap companies continues to shape the market landscape.Major Market Indexes: A Divergent StartToday's trading session sees a nuanced performance across the leading U. ...

瑞银将微软目标价从650美元下调至600美元。 ...

Core Insights - Microsoft has returned $368 billion to shareholders over the past decade through dividends and share buybacks, making it the second-largest capital return in corporate history after Apple [2] - The company's strong cash flows from its transition to cloud computing and SaaS models have enabled it to reward investors while investing in Artificial Intelligence [3] Financial Performance - Microsoft has achieved a revenue growth rate of 15.6% over the last twelve months and a 13.2% average growth rate over the last three years [8] - The company has a free cash flow margin of nearly 26.6% and an operating margin of 46.3% for the last twelve months [8] - The minimum annual revenue growth for Microsoft in the last three years was 7.5% [8] Capital Return Strategy - The combination of consistent dividend increases and strategic stock repurchases has enhanced Microsoft's earnings per share and maintained high investor confidence [3] - Dividends and share repurchases are seen as direct returns of capital to shareholders, reflecting management's confidence in the company's financial stability [4] Market Position - Microsoft, along with companies like Meta, is growing at a faster and more predictable rate compared to others, yet has returned a smaller proportion of its market cap to investors [5] - The total capital returned to shareholders as a percentage of current market cap appears inversely related to growth potential for reinvestments [5]