Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Microsoft Corp MSFT with a price target of $500.
Rangan left his estimates for $88 billion and $91 billion in fiscal 2025 and 2026 capital expenditure unchanged following the recent report that Microsoft has potentially delayed or canceled some of its AI data center leases.
While unconfirmed, Rangan noted this reporting emphasizes what the company has already telegraphed: that as a responsible capital allocator, Microsoft…
