Microsoft Sees Price Target Cuts From Three Analysts Ahead of July 29 Earnings

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Wall Street analysts cut Microsoft price targets on Wednesday ahead of the company's Q4 earnings report on July 29, though most maintained bullish ratings. Wells Fargo set a $625 price target, implying 62% upside potential, while citing mixed setup due to cloud market-share and capital-spending concerns. Citi kept a $570 target, representing 48% upside, and said it expects strong Q4 results but higher capital expenditures in Q1. Mizuho lowered its target to $490 from $550, implying 27% upside, as part of broader software stock revisions. Analysts consensus estimates $4.24 in earnings per share and $86.66 billion in revenue for the quarter; data shows 53 of 56 analysts rate the stock 'Buy' or higher.
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