Microsoft Near Multi-Year Lows: Why Analysts Still See a Path to $792

Microsoft Near Multi-Year Lows: Why Analysts Still See a Path to 2

By Wiltone Asuncion
Publication Date: 2026-03-29 12:20:00

Key Stats for Microsoft Stock

  • Current Price: $372.74
  • Target Price (Mid): $791.96
  • Street Target: $591.60
  • Potential Total Return: +112.5%
  • Annualized IRR: 19.30% / year

Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free) >>>

What Happened?

A few $2.7 trillion companies have felt the weight of one earnings report, as Microsoft (MSFT) has since January. 

The stock has fallen 31.58% from its 52-week high of $555.45, hitting its maximum drawdown on March 25, 2026, as AI spending anxiety, macro pressure from the Iran conflict, and a hiring freeze across Microsoft‘s cloud and North American sales groups all converged at once. 

Bulls see a generational buying opportunity in a company with 46.7% operating margins and a $625 billion contracted backlog. 

Bears see a company that spent over $29 billion on capital expenditures in a single quarter and still cannot show investors exactly when…