Latest news with #Reback
CNBC
19 hours ago
- Business
- CNBC
Stifel upgrades Oracle: Cap ex will convert to revenue in coming quarters
Brad Reback, Stifel managing director, joins 'Power Lunch' to discuss Reback's thoughts on Oracle's stock, if it's not too late to invest in the company and much more.
Yahoo
07-03-2025
- Business
- Yahoo
Stifel Lowers Microsoft Target to $475, Sees Stock Stuck in Neutral
Microsoft (NASDAQ:MSFT) remained under the spotlight Friday as Stifel analysts predicted the stock will remain range-bound in the near term until investors gain confidence in the Azure and Commercial Cloud growth trajectory. Shares dipped slightly in premarket trading. Warning! GuruFocus has detected 2 Warning Sign with MSFT. Analyst Brad Reback noted that Microsoft needs to show that Azure can sustain growth beyond capital expenditure (capex) increases, similar to the period from FY17 to FY23 before the company ramped up spending on generative AI. While Reback expects Microsoft to maintain double-digit revenue and profit growth, he lowered his price target to $475, citing higher capex projections. The firm anticipates Microsoft will add $25 billion to $30 billion in incremental capex for fiscal 2026, aligning with Azure's estimated 30% growth rate. The report follows discussions with Microsoft's investor relations team, which reaffirmed its $87 billion capex plan for fiscal 2025 and projected slower growth in 2026. This article first appeared on GuruFocus. Sign in to access your portfolio
