Melius cuts Microsoft target, says AI pressure is not fully priced in

Melius cuts Microsoft target, says AI pressure is not fully priced in

By @KENZIESIGALOS
Publication Date: 2026-03-23 22:13:00

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CNBC’s MacKenzie Sigalos reports on Melius analyst Ben Reitzes cutting his Microsoft price target, arguing the company’s Copilot reorg signals strain and could limit the Azure upside many bulls still expect.