Reported 2 days ago
Citi has launched a positive catalyst watch on Microsoft (MSFT), projecting a price target of $605 based on strong growth expectations for Azure. Analyst Tyler Radke believes current market estimates for Azure's fiscal year 2026 growth are underestimated, predicting a 36.1% increase compared to the consensus of 32.1%. The firm highlights Microsoft's resilience in the software sector amid economic fluctuations, emphasizing the potential for continued revenue growth from its AI initiatives.
Source: YAHOO