The software giant posted first-quarter fiscal 2023 results that beat Wall Street expectations on the top and bottom lines, though cloud revenue came in lower than expected and the company’s quarterly guidance fell short of expectations as well. Microsoft plans to moderate its operating expense growth in the next few quarters until demand heats back up.
Microsoft stock comes with a 1.22% dividend. The Goldman Sachs price target of $315 is well above the $293.96 consensus target and the most recent close at $239.23.
Pfizer
This top pharmaceutical stock was one of the biggest winners in the COVID-19 vaccine sweepstakes. Pfizer Inc. (NYSE: PFE) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide.
The company offers medicines and vaccines in various therapeutic areas, including the following:
- Cardiovascular metabolic and women’s health under the Premarin family and Eliquis brands
- Biologics, small molecules, immunotherapies and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena and Braftovi brands
- Sterile injectable and anti-infective medicines and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga and Paxlovid brands.
- Pneumococcal disease, meningococcal disease, tick-borne encephalitis and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba and the Prevnar family brands
- Biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis and Cibinqo brands
- Amyloidosis, hemophilia and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX and Genotropin brands
Shareholders receive a 3.44% dividend. Pfizer stock has a $60 price objective at Goldman Sachs. Its consensus target is $55.49, and the shares last closed at $47.85 apiece.
How does 2023 go for the economy and the stock market? Flip a coin, as scenarios of a soft and hard landing are both possible. One thing is for sure, regardless of the final outcome the Buy rated stocks at Goldman Sachs that pay dividends are solid long-term additions to all growth and growth and income portfolios, and all will likely be excellent investments for those with a patient investment outlook.
Originally published at 24/7 Wall St.
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