Citi lowered its Microsoft stock target amid positive checks on CoPilot and expectations for strong Q4 results.
Citi reduced its price target for Microsoft (MSFT) to $570 from $620 while retaining a Buy rating. The firm cited positive checks, particularly on CoPilot, and anticipates strong fiscal fourth-quarter results.
The adjustment follows prior expectations and reflects ongoing confidence in Microsoft’s performance despite the target cut. No immediate market reaction was detailed in the update.
Analysts emphasized the firm’s continued optimism, driven by demand for AI-driven products and cloud services.