Citi Updates Outlook on Microsoft Ahead of Fiscal Q3 Results
Citi has become more positive on Microsoft (MSFT) ahead of its fiscal Q3 results, despite lowering its price target from $635 to $600. The firm attributes the adjustment to market compressions rather than declining performance and expects Microsoft's growth to strengthen through fiscal 2027. Microsoft is also focusing on enhancing its AI coding tools like GitHub Copilot instead of acquiring Cursor.
Tickers: $MSFT
Topics: Acquisition Rumors AI Citi Fiscal Q3 Results Microsoft Stock Price Target