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(RTTNews) - French Data Protection Agency CNIL has fined software giant Microsoft Corp. (MSFT) 60 million euros or about $64 million "for not having put in place a mechanism to refuse cookies as easily as accepting them."

Wall Street's three major averages tumbled on Thursday with the technology-heavy Nasdaq leading declines after data showing a resilient economy fueled worries that the Federal Reserve would stick to its aggressive tightening path for longer.

The Nasdaq index tumbled nearly 3% on Thursday after a fresh batch of data showing a resilient economy fueled worries that the Federal Reserve would stick to its aggressive tightening path; with Micron's glum forecast adding to a downbeat mood.

What happened The biggest driver of the stock market roller-coaster ride in 2022 has been concerns about the economy and what it means for the future. An overheated economy has been pushing inflation higher, and investors have been watching economic reports closely for signs the

Investors in Microsoft Corporation (Symbol: MSFT) saw new options become available today, for the February 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MSFT options chain for the new February 2023 contracts and identified one pu

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 23,500,000 units, or a 4.4% increase week over week. Among the largest underlying components of TQQQ, in morn

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 3000 ETF (Symbol: IWV) where we have detected an approximate $311.9 million dollar inflow -- that's a 3.0% increase week over week i

Wall Street's main indexes dropped on Thursday after fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve's continued policy tightening.

After a challenging year for the tech market, when the Nasdaq-100 Technology Sector index plunged 32% since January, many of the world's most valuable companies are trading at bargain prices.

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Tech giant Microsoft ( NASDAQ:MSFT ) is now a part of TipRanks’ “Perfect 10” Smart Score list that comprises stocks with a higher potential to beat the benchmark index. Historically, shares with a “Perfect 10” Smart Score have outperformed the S&P 500 Index ( SPX ) by a significant margin, as indicated in the graph below. Microsoft Deserves a “Perfect 10” Microsoft's diversified business model is expected to help it sail through challenging macro conditions. The company’s revenue streams include productivity and collaboration tools and services, including Office 365, Dynamics 365, and LinkedIn, its Azure cloud computing platform, and personal computing devices. Microsoft’s Q1 FY23 (ended September 30, 2022) results topped expectations even as the company reported its slowest revenue growth in five years. Revenue grew 10.6% to $50.1 billion in Fiscal Q1, as the 20% growth in the Intelligent Cloud division’s revenue and 9% rise in Productivity and Business Processes’ revenue helped in more than offsetting the weakness in the More Personal Computing division. The More Personal Computing division was hit by lower Windows revenue from device makers. While the weak demand for PCs and forex headwinds could continue to impact Microsoft over the near term, most analysts remain optimistic about the company’s long-term growth potential, especially in the cloud business. Under the leadership of CEO Satya Nadella, the company’s Azure platform has emerged as the second largest player in the cloud computing market, trailing only Amazon’s ( AMZN ) AWS (Amazon Web Services).            Recently, Morgan Stanley analyst Keith Weiss reiterated a Buy rating on Microsoft stock with a price target of $307. Weiss believes that the strong demand in the company’s commercial businesses should drive improved growth rates in the second half of FY23. Weiss also highlighted favorable valuation and multiple revenue tailwinds heading into the second half of FY23 as the reasons for his bullish stance. Moreover, he expects Microsoft’s operating expenses to normalize in the second half of FY23.       What is the Target Price for Microsoft Stock? Microsoft earns the Street’s Strong Buy consensus rating based on 25 Buys and three Holds. The average MSFT stock price target of $291.10 suggests 21% upside potential. Shares are down nearly 28% year-to-date. Microsoft stock is trading at a forward Price/Earnings (P/E) multiple of 25.3, which is 17.7% lower than its five-year average multiple. Final Thoughts Microsoft deserves a “Perfect 10” Smart Score based on its solid fundamentals, diversified business model, strong leadership, and continued investments in high-growth areas. As per TipRanks, the Hedge Fund Confidence Signal for Microsoft is Very Positive based on the activity of 163 hedge funds in the recent quarter. Overall, hedge funds increased their holdings in MSFT by 33.1 million shares last quarter. Disclosure

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