TD Cowen lowered the firm’s price target on Microsoft (MSFT) to $475 from $495 and keeps a Buy rating on the shares. The firm said they continue to see shares range-bound until capacity loosens and Azure re-accelerates, which they expect to take hold starting in the MarQ. They think broader growth acceleration in the business can play out as they navigate through CY25, driven by maturing AI initiatives, making the set-up more constructive for next year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft price target raised to $548 from $506 at Morgan Stanley
- Microsoft’s Strong Cloud Performance Boosts Quarterly Earnings
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats
- Microsoft says OpenAI partnership has been ‘super beneficial’
- Microsoft sees Q2 Intelligent Cloud revenue $25.55B-$25.85B