



(Reuters) - Microsoft Corp (NASDAQ:MSFT) underperformed big technology peers on U.S. exchanges on Wednesday as its shares fell 5.3% following a downgrade by brokerage UBS on worries over slowing growth for its cloud services and Office suite.
After years of rapid growth in the cloud business that made Microsoft an investor darling, the Satya Nadella-led software giant is now battling lower spending by businesses reeling with rising borrowing costs.
Microsoft's Azure cloud unit "is entering a steep growth deceleration that could prove to be worse in FY23/FY24 than investors are modeling," lead analyst Karl Keirstead warned, adding the market could be reaching saturation.
UBS lowered the stock to "neutral" from "buy" and cut the price target by $50 to $250. That is lower than the median of $290 and the average "buy" rating from more than 50 analysts, according to Refinitiv data.
Microsoft's stock hit a near two-month low of $226, making it the biggest loser on the benchmark S&P 500 index.
It had lost 29% of its value in 2022, but outperformed Big Tech peers such as Alphabet (NASDAQ:GOOGL) Inc and Amazon.com Inc (NASDAQ:AMZN) in a dismal year for the rate-sensitive sector.
Declining spending on enterprise software from companies cutting costs and slashing jobs could also weigh on Microsoft's Office 365 business this year, Keirstead said.
"We don't have as much confidence in the stock ... (at current valuation) to see much (if any) multiple expansion," he said.
Shares of Amazon were also down 2% after UBS lowered the price target on the stock to $125 from $165 on concerns over slowing cloud growth.
EUR/USD
1.0997
+0.0007 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
EUR/USD
1.0997
+0.0007 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
GBP/USD
1.2701
+0.0008 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (9)
Sell (1)
USD/JPY
147.25
-0.23 (-0.16%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
AUD/USD
0.6653
+0.0005 (+0.08%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/CAD
1.3570
-0.0003 (-0.03%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (5)
EUR/JPY
161.92
-0.20 (-0.13%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
EUR/CHF
0.9653
0.0000 (0.00%)
Summary
BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (2)
Sell (2)
Gold Futures
2,042.20
+0.60 (+0.03%)
Summary
BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (4)
Sell (3)
Silver Futures
25.073
+0.028 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (2)
Copper Futures
3.8502
+0.0024 (+0.06%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Crude Oil WTI Futures
76.61
+0.04 (+0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Brent Oil Futures
81.47
+0.02 (+0.02%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (4)
Natural Gas Futures
2.796
+0.008 (+0.29%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (1)
US Coffee C Futures
172.53
+3.48 (+2.06%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (11)
Euro Stoxx 50
4,347.25
-7.16 (-0.16%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (0)
S&P 500
4,554.89
+4.46 (+0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
DAX
15,992.67
+26.30 (+0.16%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (0)
FTSE 100
7,455.24
-5.46 (-0.07%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Hang Seng
17,383.50
-145.50 (-0.83%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (3)
US Small Cap 2000
1,792.55
-8.60 (-0.48%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (5)
IBEX 35
10,003.40
+67.30 (+0.68%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
BASF SE NA O.N.
42.705
-0.490 (-1.13%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Bayer AG NA
30.56
-1.11 (-3.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Allianz SE VNA O.N.
230.55
+0.05 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (4)
Sell (3)
Adidas AG
186.66
+1.42 (+0.77%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (7)
Deutsche Lufthansa AG
7.787
+0.064 (+0.83%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (8)
Siemens AG Class N
151.42
+1.18 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Deutsche Bank AG
11.090
+0.038 (+0.34%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
EUR/USD | 1.0997 | ↑ Buy | |||
GBP/USD | 1.2701 | ↑ Buy | |||
USD/JPY | 147.25 | ↑ Sell | |||
AUD/USD | 0.6653 | ↑ Buy | |||
USD/CAD | 1.3570 | Sell | |||
EUR/JPY | 161.92 | ↑ Sell | |||
EUR/CHF | 0.9653 | Buy |
Gold | 2,042.20 | Buy | |||
Silver | 25.073 | ↑ Buy | |||
Copper | 3.8502 | ↑ Buy | |||
Crude Oil WTI | 76.61 | ↑ Buy | |||
Brent Oil | 81.47 | Sell | |||
Natural Gas | 2.796 | ↑ Buy | |||
US Coffee C | 172.53 | ↑ Sell |
Euro Stoxx 50 | 4,347.25 | ↑ Buy | |||
S&P 500 | 4,554.89 | ↑ Buy | |||
DAX | 15,992.67 | Buy | |||
FTSE 100 | 7,455.24 | ↑ Sell | |||
Hang Seng | 17,383.50 | Buy | |||
Small Cap 2000 | 1,792.55 | Sell | |||
IBEX 35 | 10,003.40 | ↑ Sell |
BASF | 42.705 | Sell | |||
Bayer | 30.56 | ↑ Sell | |||
Allianz | 230.55 | ↑ Buy | |||
Adidas | 186.66 | Sell | |||
Lufthansa | 7.787 | ↑ Sell | |||
Siemens AG | 151.42 | ↑ Buy | |||
Deutsche Bank AG | 11.090 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,250/ 7,350 (0/ 0) # 1,425 |
SJC HCM | 7,250/ 7,350 (0/ 0) # 1,423 |
SJC Hanoi | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Danang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Nhatrang | 7,250/ 7,352 (0/ 0) # 1,425 |
SJC Cantho | 7,250/ 7,352 (0/ 0) # 1,425 |
Cập nhật 29-11-2023 06:13:27 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,040.97 | +25.62 | 1.27% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.710 | 24.180 |
RON 95-III | 23.020 | 23.480 |
E5 RON 92-II | 21.690 | 22.120 |
DO 0.05S | 20.280 | 20.680 |
DO 0,001S-V | 21.680 | 22.110 |
Dầu hỏa 2-K | 20.940 | 21.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $76.64 | +1.35 | 0.02% |
Brent | $81.43 | +1.37 | 0.02% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.050,00 | 24.420,00 |
EUR | 25.848,91 | 27.268,27 |
GBP | 29.811,30 | 31.080,78 |
JPY | 158,66 | 167,95 |
KRW | 16,20 | 19,64 |
Cập nhật lúc 06:06:49 29/11/2023 Xem bảng tỷ giá hối đoái |