UBS Reiterates Buy Rating on Microsoft (MSFT)

UBS analyst Karl Kierstead reiterated a Buy rating and $510.00 price target on Microsoft (NASDAQ: MSFT).

The analyst commented, "We hosted a group of investors at Microsoft’s campus, meeting with Azure and M365 execs as well as IR. The investor focus was on the root cause and time to fix the non-AI Azure deceleration and to a lesser extent the capex trajectory. Microsoft refrained from being too specific about the GTM changes and appeared to downplay the changes as mere “tweaks”. In our view, the lack of visibility into the cause of the Azure set-back and the length of the fix may weigh on the stock near-term, but the secular growth tailwinds remain in place and we remain Buy-rated."

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 $410.54 yesterday.

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