Citigroup Maintains Buy on Microsoft, Lowers Price Target to $475
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Buy rating on Microsoft (NASDAQ:MSFT) but lowers the price target from $480 to $475.

April 18, 2024 | 3:06 pm
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Citigroup maintains a Buy rating on Microsoft but lowers the price target from $480 to $475.
The adjustment in price target by Citigroup reflects a slight modification in their valuation of Microsoft, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The impact on the stock price may be neutral in the short term as the reduction in the price target is minimal and is counterbalanced by the reaffirmation of the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100