Several Analysts Cut Price Targets On Microsoft Following Q2 Earnings, But This Analyst Raises PT

Several Analysts Cut Price Targets On Microsoft Following Q2 Earnings, But This Analyst Raises PT

Microsoft Corporation MSFT reported weaker-than-expected results for its fourth quarter on Tuesday. However, the company issued an upbeat sales outlook for the fiscal year.

Microsoft shares gained 3% to $259.39 in the pre-market trading session.

Several analysts made changes to their price targets on Microsoft following the release of results.

Below are the analysts lowering price target on Microsoft.

  • Citigroup lowered price target on the stock from $330 to $300.
  • Wedbush lowered Microsoft price target from $340 to $320.
  • Stifel cut the price target on the stock from $320 to $300.
  • JP Morgan lowered the price target from $320 to $305.
  • Deutsche Bank lowered Microsoft price target from $350 to $330.


However, below is the analyst raising price target on Microsoft.

  • BMO Capital raised price target on Microsoft from $305 to $320. However, BMO Capital analyst Keith Bachman maintained an Outperform rating on the stock.

Posted In: PT ChangesEarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst Ratings