Several Analysts Cut Price Targets On Microsoft Following Q2 Earnings, But This Analyst Raises PT

Microsoft Corporation MSFT reported weaker-than-expected results for its fourth quarter on Tuesday. However, the company issued an upbeat sales outlook for the fiscal year.

Microsoft shares gained 3% to $259.39 in the pre-market trading session.

Several analysts made changes to their price targets on Microsoft following the release of results.

Below are the analysts lowering price target on Microsoft.

• Citigroup lowered price target on the stock from $330 to $300.
• Wedbush lowered Microsoft price target from $340 to $320.
• Stifel cut the price target on the stock from $320 to $300.
• JP Morgan lowered the price target from $320 to $305.
• Deutsche Bank lowered Microsoft price target from $350 to $330.

However, below is the analyst raising price target on Microsoft.

• BMO Capital raised price target on Microsoft from $305 to $320. However, BMO Capital analyst Keith Bachman maintained an Outperform rating on the stock.