Citi Reiterates Buy Rating on Microsoft (MSFT)

Citi analyst Tyler Radke reiterated a Buy rating and $520.00 price target on Microsoft (NASDAQ: MSFT).

The analyst commented, "We remain constructive on MSFT heading into Q4 results, expecting a healthy top/bottom-line beat and strong Azure/capex spending to underscore’s MSFT AI leadership position in the sector. With the solid run in shares (+11% post last print), and our view of modest (vs. outsized) EPS estimate revisions, especially with consensus potentially under-modeling losses from OpenAI, we don’t see Q4 as a significant catalyst. Nonetheless we continue to see the MSFT growth story well intact and expect broadening AI momentum in FY25 to continue to drive accelerating top/bottom line growth, in the years ahead. TP unchanged at $520."

For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.

Shares of Microsoft closed at $449.52 yesterday.

You May Also Be Interested In

• Ferguson Enterprises to Join S&P 500; ADI Global Distribution to Join S&P SmallCap 600
• Thermax Ltd (TMX:IN) PT Lowered to INR5,100 at UBS
• Microsoft (MSFT) PT Raised to $522 at Cantor Fitzgerald Following Q4 Results, Guidance