Microsoft price target raised to $495 from $475 at Citi

Citi raised the firm’s price target on Microsoft to $495 from $475 and keeps a Buy rating on the shares following the fiscal Q3 report. Microsoft offered a “reassuring print” for software with a strong beat as Azure meaningfully accelerated, further extending market share gains, the analyst tells investors in a research note. The firm says that while the Q4 guidance and fiscal 2025 early look were “both conservative and constrain significant positive estimate revisions,” it believes investors are walking away with more conviction in Microsoft’s long-term growth prospects and profitability execution.