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Citigroup Cuts Microsoft Price Target to $570 from $620 on July 16 Amid AI Spending Pressure

GateNews
Stocks
C-1.55%
MSFT0.88%
WFC0.92%
According to Citigroup on July 16, the investment bank cut Microsoft's price target from $620 to $570, citing pressure from artificial intelligence infrastructure spending on near-term free cash flow and profit margins, while maintaining a buy rating. The bank noted that capital expenditures for Azure data center construction, GPU procurement, and AI infrastructure expansion could suppress investor cash flow expectations in coming quarters. Mizuho and Wells Fargo also recently downgraded Microsoft's target prices while keeping positive ratings, reflecting a broader shift: markets now require proof that these heavy AI investments will translate into profits faster, rather than pricing in future AI revenue gains in advance.
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