What Analysts Think of Microsoft Stock Ahead of Earnings

Microsoft (MSFT) is slated to report fiscal third-quarter results after the market closes Wednesday, with analysts overwhelmingly bullish on the tech giant’s stock.

All of the 20 analysts tracked by Visible Alpha have issued “buy” or equivalent ratings for the stock, which has lost 7% so far in 2025. Their consensus price target slightly above $492 would suggest over 25% upside from Monday’s close at about $391.

Wedbush analysts recently lowered their price target to $475 from $550 amid worries about President Trump’s tariffs, but said they “remain long term bullish” on Microsoft, pointing to its AI potential. “It has become crystal clear to us that the monetization opportunities around deploying AI in the cloud is a transformational opportunity across the industry with Redmond remaining in the driver’s seat,” they said.

Goldman Sachs analysts, who similarly maintained a “buy” rating for Microsoft but lowered their price target to $450 from $500, said the current economic environment has created a “wide range of different outcomes,” but that they believe Microsoft could be “well positioned to capitalize” on AI opportunities.

Morningstar analysts said Microsoft could also be in a stronger position than many other tech companies, because it “has minimal risk exposure to retail, advertising spending, cyclical hardware, or physical supply chains.”

Analysts polled by Visible Alpha on average expect Microsoft to report third-quarter revenue of $68.44 billion, up more than 10% year-over-year, and net income of $23.94 billion, or $3.21 per share, compared to $21.94 billion, or $2.94 per share, a year earlier. Revenue from Microsoft’s Intelligent Cloud segment, which includes its Azure cloud computing platform, is expected to jump 18% to $26.13 billion.

UPDATE—April 28, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.