Citi lowers Microsoft (MSFT) stock price target ahead of earnings

As Microsoft (NASDAQ: MSFT) approaches its fiscal first-quarter earnings report, Citigroup has revised its twelve-month price target for the tech giant, lowering it from $500 to $497.Despite the lower target, Citigroup maintains a ‘Buy’ rating on the stock. The revision reflects concerns over rising capital expenditures and slower growth in Microsoft’s cloud computing division, Azure, which has underperformed expectations in recent quarters.MSFT five-day stock price. Source: FinboldCurrently, Microsoft stoc ...