Microsoft had another great earnings report recently, yet they stock price actually went down after the news. Does this make for an opportunity to buy MSFT or should you wait for the next pullback? I look at the EPS and revenue projections for both fiscal years 2021 and 2022 to make a prediction on Microsoft's stock price through the rest of this year.
MSFT 5/3/21
Price $254
Current Forward PE = 30.30
Analyst EPS Projection = $8.38
Fiscal Year July 1 to June 30
My projections:
July 2021
FPE = 26 / 30
EPS = $8.50
Price = $221 / $255
July 2022
FPE = 26 / 30
EPS = 10.50
Price = $272 / $315
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