Citi Raises Microsoft Target, Citinig Positive Outlook on Azure with OpenAI Collaboration
Citi analysts recently raised their target price for Microsoft to $520 from $495 while maintaining a Buy rating on the stock. They highlighted positive news from OpenAI regarding Microsoft’s Azure but expressed concerns about potentially underestimated expenses. OpenAI has reported significant revenue growth and cloud capacity contracts with ORCL, but analysts warn that consensus estimates … Read more