摩根士丹利：微软-2025 年第三季度展望 -冲破困境

April 16, 2025 04:09 AM GMT Microsoft | North America 3Q25 Preview – Pushing Through the Chop | What's Changed | | | | --- | --- | --- | | Microsoft (MSFT.O) | From | To | | Price Target | $530.00 |$472.00 | Investor sentiment remains negative as a 'wall of worry' around macro and micro demand impacts dominates the conversation and negative revisions loom on the horizon. Even post our proactive cuts to our estimates, the valuation looks attractive at 25X GAAP CY26 EPS, for a long-term GenAI winner. Key Tak ...