Microsoft (NAS100:MSFT) joins Tesla and Meta Platforms with a post-market earnings release on Wednesday.
MSFT – Daily Chart
MSFT shares have slumped from $555 in August 2025 and dropped to almost $441. The share price is now testing the July high near $70, and that could be key support for a rally.
With three of the largest tech firms all releasing earnings after the close on Wednesday, it is likely to drive strong volume on Thursday and Friday. Microsoft’s share price has been on a downward trend recently and could see a strong dip buying if the company can beat analysts’ expectations.
Wall Street expects another strong quarter from the company, but some are cutting their price targets. Cantor Fitzgerald has an Overweight rating on Microsoft shares but slashed their price target to $590 from $639. UBS also cut their target to $600 from $650.
The company’s Azure artificial intelligence and cloud computing arm will be the key focus for investors during the earnings release. Microsoft guided for 37% revenue growth for Azure in the coming quarter, a deceleration from 40% growth in the previous three months.
Cantor Fitzgerald sees potential upside to that forecast and expects total revenue to beat.
“Our checks came in positively for AI/Azure demand and Copilot adoption as customers are becoming increasingly focused on realizing the benefits of AI solutions with partners seeing larger expansion deals within their larger customers,” analyst Thomas Blakey said.
A stronger number could drive bullish momentum in MSFT on Thursday, and it could also be powered by earnings from other tech giants scheduled to report.
