Analysts Are Cutting Price Targets of These 5 Stocks

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01. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 289

On July 26, Citi analyst Tyler Radke reduced the price target for Microsoft Corporation (NASDAQ:MSFT) from $425 to $420. This indicates that the analyst has reevaluated Microsoft Corporation (NASDAQ:MSFT) valuation and arrived at a slightly lower target price compared to their previous estimate.

The Ithaka Group made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its second quarter 2023 investor letter:

Microsoft Corporation (NASDAQ:MSFT) builds best-in-class platforms and provides services that help drive small business productivity, large business competitiveness, and public-sector efficiency. Microsoft’s products include operating systems, cross-device productivity applications, server applications, software development tools, video games, and business-solution applications. The company also designs, manufactures, and sells devices, including PCs, tablets, and gaming/entertainment consoles that all integrate with Azure, its cloud computing service. In the quarter Microsoft’s stock appreciated on the back of excitement surrounding the company’s positioning in the generative AI market and its ability to monetize the coming wave of corporate investment in supercomputing and AI.”

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