Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says.
“While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday.
As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended.
“Trading at ~20x CY24 GAAP earnings,…
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