Rakuten Investment Management Inc. recently acquired 14,709 shares of Microsoft Corporation, valued at approximately $7.62 million, establishing a new position in the company during the third quarter. Microsoft reported strong Q3 earnings, surpassing analyst estimates with $4.14 EPS and $81.27 billion in revenue, and declared a quarterly dividend. Despite some analyst downgrades and FTC scrutiny regarding its AI/cloud practices, analysts maintain a “Moderate Buy” rating with an average price target of $591.95.
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Rakuten Investment Management Inc. Buys Shares of 14,709 Microsoft Corporation $MSFT
Rakuten Investment Management Inc. recently acquired 14,709 shares of Microsoft Corporation, valued at approximately $7.62 million, establishing a new position in the company during the third quarter. Microsoft reported strong Q3 earnings, surpassing analyst estimates with $4.14 EPS and $81.27 billion in revenue, and declared a quarterly dividend. Despite some analyst downgrades and FTC scrutiny regarding its AI/cloud practices, analysts maintain a “Moderate Buy” rating with an average price target of $591.95.