Microsoft price target lowered to $525 from $570 at Wolfe Research
Wolfe Research analyst Alex Zukin lowered the firm's price target on Microsoft to $525 from $570 and keeps an Outperform rating on the shares. Recent memory price increases have led the firm to raise its Microsoft FY27 Capex estimates, and correspondingly decrease FY27 profitability estimates, as Wolfe now estimates Microsoft having negative free cash flow in FY27.
Wolfe Research analyst Alex Zukin lowered the firm's price target on Microsoft to $525 from $570 and keeps an Outperform rating on the shares.
Recent memory price increases have led the firm to raise its Microsoft FY27 Capex estimates, and correspondingly decrease FY27 profitability estimates, as Wolfe now estimates Microsoft having negative free cash flow in FY27.