Posted 4/11/2024, 8:52:00 PM
Microsoft Stock Holds Steady Ahead of Earnings, Morgan Stanley Bullish on Cloud and AI Strength
- Microsoft stock trades in tight pattern ahead of earnings, potentially forming 3-weeks-tight or flat base
- Shares find support at 21-day/10-week moving average lines
- Investment bank Morgan Stanley raises Microsoft price target to $520 based on AI and cloud leadership
- Next catalyst could be Microsoft's fiscal Q3 earnings report in late April
- Microsoft appears on several IBD stock lists like IBD 50 and Tech Leaders