Goldman Sachs believes that fears around AI disruption and slower-than-expected Azure growth are overstated and the recent pullback has created a buying opportunity for Microsoft shares. The bank stood by its buy rating on the “Magnificent Seven” stock and its 12-month price target of $600. Goldman’s forecast implies that the tech titan could rise more than 49%. Microsoft has plunged 17% since the start of 2026, suffering in the broader pullback away from technology stocks as fears of artificial intelligence disruption have intensified. Shares had tumbled 10% after the company reported its most recent earnings, with investors unimpressed by 39% revenue growth at Azure and its other cloud services. The pace of growth was lower than the 40% it achieved in the fiscal first quarter and was slightly below the 39.4% StreetAccount consensus analyst forecast. MSFT YTD mountain MSFT YTD chart Goldman Sachs analyst Gabriela Borges wrote that Microsoft has in total stumbled 15% since its…
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