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Barchart
Wajeeh Khan

Citi Just Slashed Its Price Target on Microsoft Stock Ahead of Earnings. Here's Why.

Citi Microsoft Tyler Radke

Microsoft (MSFT) stock ended higher on Wednesday even though Citi analysts led by Tyler Radke trimmed their price target on the tech behemoth. In his research note, Radke announced a downwardly revised $570 price target on MSFT, which still represents a 43% upside from current levels.

His bullish call brings much-needed reprieve to Microsoft shares that are currently down roughly 16% versus the start of this year.

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