Microsoft Stock Slumps as NASDAQ Data Release Delays
Delayed Data Raises Concerns
Data from the NASDAQ for Microsoft (MSFT) has been delayed, leading to uncertainty among investors. The data, which was scheduled for release on April 15, 2024, at 4:00 PM ET, has yet to be made available.
Historical Stock Prices Affected
The delay has impacted the accuracy of historical stock prices and earnings estimates. As a result, analysts are unable to provide accurate predictions for Microsoft's future performance.
Analyst Ratings and Target Prices
The average 12-month price prediction for Microsoft is currently 43052 USD, with a high target of 60000 USD and a low target of 23200 USD. However, these targets may be subject to revision once the delayed data is released.
Wall Street Consensus Estimate
Wall Street's consensus estimate has Microsoft hitting 1252 USD in earnings for fiscal 2025, ending in June. However, this estimate may also be revised once the delayed data becomes available.
Analysts' Price Forecasts
The 39 analysts with 12-month price forecasts for Microsoft stock have an average target of 43513 USD, with a low estimate of 306 USD and a high estimate of 600 USD.
Investors are advised to exercise caution until the delayed data is released and analysts have had an opportunity to reassess Microsoft's financial performance.
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