Latest news with #Materne
Yahoo
23-05-2025
- Business
- Yahoo
Top Analyst Lifts Microsoft Price Target to $515, Says 'All In on AI'
May 23 - Evercore analyst Kirk Materne raised his price target to $515 from $500 and kept a Buy rating for Microsoft (NASDAQ:MSFT). The new target suggests about a 13% upside from current levels. The upgrade followed Evercore's recent Microsoft 360 event, where company leaders and partners discussed strategic priorities. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Materne said Microsoft is all in on AI, pointing to strong enterprise demand and its dual engines: Copilot productivity tools and Azure cloud services. He noted that only around 20% of IT workloads are in the cloud today, a figure that could rise toward 80%. He highlighted GitHub Copilot and Copilot for Teams as key adoption drivers, and said free access to Copilot Chat may accelerate user growth. Materne slightly lifted his fiscal year 2026 estimates, citing robust Azure demand beyond AI. He projects Microsoft's AI business could reach $110 billion by 2028 and reiterated his Buy recommendation. Based on the one year price targets offered by 49 analysts, the average target price for Microsoft Corp is $505.25 with a high estimate of $650.00 and a low estimate of $423.00. The average target implies a upside of +11.08% from the current price of $454.86. Based on GuruFocus estimates, the estimated GF Value for Microsoft Corp in one year is $500.36, suggesting a upside of +10.00% from the current price of $454.86. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Top Analyst Lifts Microsoft Price Target to $515, Says 'All In on AI'
May 23 - Evercore analyst Kirk Materne raised his price target to $515 from $500 and kept a Buy rating for Microsoft (NASDAQ:MSFT). The new target suggests about a 13% upside from current levels. The upgrade followed Evercore's recent Microsoft 360 event, where company leaders and partners discussed strategic priorities. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Materne said Microsoft is all in on AI, pointing to strong enterprise demand and its dual engines: Copilot productivity tools and Azure cloud services. He noted that only around 20% of IT workloads are in the cloud today, a figure that could rise toward 80%. He highlighted GitHub Copilot and Copilot for Teams as key adoption drivers, and said free access to Copilot Chat may accelerate user growth. Materne slightly lifted his fiscal year 2026 estimates, citing robust Azure demand beyond AI. He projects Microsoft's AI business could reach $110 billion by 2028 and reiterated his Buy recommendation. Based on the one year price targets offered by 49 analysts, the average target price for Microsoft Corp is $505.25 with a high estimate of $650.00 and a low estimate of $423.00. The average target implies a upside of +11.08% from the current price of $454.86. Based on GuruFocus estimates, the estimated GF Value for Microsoft Corp in one year is $500.36, suggesting a upside of +10.00% from the current price of $454.86. 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
Business Insider
21-05-2025
- Business
- Business Insider
CCC Intelligent Solutions Holdings (CCCS) Gets a Buy from Evercore ISI
In a report released on May 16, Kirk Materne from Evercore ISI maintained a Buy rating on CCC Intelligent Solutions Holdings (CCCS – Research Report), with a price target of $12.00. The company's shares closed last Friday at $9.12. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Materne is a 5-star analyst with an average return of 11.6% and a 64.16% success rate. Materne covers the Technology sector, focusing on stocks such as ServiceNow, Snowflake, and Microsoft. Currently, the analyst consensus on CCC Intelligent Solutions Holdings is a Moderate Buy with an average price target of $11.67, a 27.96% upside from current levels. In a report released on May 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $13.00 price target. CCCS market cap is currently $6.01B and has a P/E ratio of 642.25. Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCCS in relation to earlier this year. Earlier this month, Timothy A Welsh, the President and EVP, Customer Solutions & Operations of CCCS bought 100,000.00 shares for a total of $902,000.00.
Yahoo
16-05-2025
- Business
- Yahoo
Evercore Says Microsoft Could Hit $500 Target
Microsoft (NASDAQ:MSFT) remains a compelling long-term buy as its AI-driven Azure growth and robust valuation work in its favor, Evercore ISI says. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Evercore analysts led by Kirk Materne note MSFT trades at 29x CY26 GAAP EPS, offering an attractive risk/reward balance at current levels, and highlight Azure's AI-consumption run rate surpassing $14 billion alongside sustained 30%+ year-over-year segment growth. They also point out that M365 Copilot revenues hit a $2.5 billion run rate, underscoring the early days of enterprise AI adoption. Shares rebounded from a 17-month low in early April, climbing double digits over the past month and closing within striking distance of last summer's all-time high. Evercore's Outperform rating and $500 price target reflect that conviction. Materne adds that as AI capacity scales and the non-AI side of Azure stabilizes, the cloud arm should sustain 30%+ revenue gains through FY26 and FY27, even assuming some normalization in legacy workloads. He also flags that Microsoft's diversified software moatfrom Office 365 subscriptions to Dynamics and gamingprovides downside protection amid broader tech-sector multiple contraction this year. Evercore's bullish stance contrasts with sector skepticism, where tech multiples have dipped amid rising rates, but MSFT's combination of subscription resilience and AI leadership sets it apart. To further engage investors, Evercore is hosting its annual Microsoft 360 Day next Tuesday, where management is expected to detail data-center expansion plans and AI roadmap milestones. For investors, Microsoft's proven AI monetization and consistent Azure expansion signal durable catalysts that may underpin sustained upside and justify holding through market cycles. Investors will eye FY26 guidance and insights from Microsoft 360 Day next week as key catalysts. 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
25-04-2025
- Business
- Yahoo
Microsoft Set to Lower Azure Forecasts, But That May Be a Good Thing
Microsoft (NASDAQ:MSFT) is set to report its fiscal Q3 earnings next Wednesday, and analysts at Evercore ISI believe the company has a chance to reset expectationsparticularly around Azureand potentially pave the way for a rebound. Warning! GuruFocus has detected 1 Warning Sign with MSFT. The firm, led by analyst Kirk Materne, said Microsoft had previously set a high bar by guiding toward acceleration in Azure growth for the second half of the fiscal year. Now, with the macro environment tightening, Evercore expects the company will use this quarter to lower those expectations and reframe the narrative. "AI-related demand should remain solid, thanks in part to ChatGPT, but the non-AI parts of Azure could face pressure, Materne said in a note to clients. He added that Azure guidance in the high 20% range, versus the Street's current expectation in the low 30% range, would be seen as more achievable and could help shift investor sentiment more favorably toward fiscal Q4. While trimming cloud growth guidance could cause short-term stock volatility, Evercore sees this as a buying opportunity for longer-term holders. The firm believes Microsoft's AI focus is maturing into enterprise adoption, and that this will slow the pace of capital expenditures tied to cloud infrastructure. Materne also noted that capex growth could begin aligning more closely with actual Azure expansion, setting the stage for a rebound in free cash flow growth by calendar 2026. Cash capex will still rise in FY26, he said, but the rate should moderate, and finance lease obligations may also decline. Microsoft is scheduled to report earnings after the bell on April 30. Analysts expect earnings per share of $3.22 on revenue of $68.44 billion. This article first appeared on GuruFocus.
