Three Wall Street analysts cut MSFT price targets as the stock lags 21% over the past year due to AI-related uncertainties.
Three Wall Street analysts reduced their price targets for Microsoft (MSFT) on Wednesday, citing growing concerns over disruptions tied to artificial intelligence. The stock, which rose over 3% to 398.79 in midday trading, has declined more than 21% over the last 12 months.
Microsoft faces pressure as investors weigh the impact of AI advancements on its core software business. Analysts highlighted uncertainties around long-term growth prospects, despite the company’s significant investments in AI infrastructure.
The cuts follow a broader trend of cautious sentiment toward tech stocks amid shifting market dynamics. No immediate market reaction details were provided beyond the intraday gain.