Reported about 19 hours ago
Citi has reiterated its 'Buy' rating for Microsoft (MSFT), raising its price target from $480 to $540 per share. Analyst Tyler Radke praised Microsoft's strong fiscal performance and efficiency improvements, particularly in its Azure cloud business. The decision to lay off 6,000 employees is seen as a positive move that could generate over $1 billion in savings, which may be reinvested into research and development. Microsoft continues to lead in the AI sector, ranking first among trending AI stocks on Wall Street.
Source: YAHOO