Citi Microsoft · MSFT

Citi Opens ‘Positive Catalyst Watch’ on Microsoft, Keeps $605 Price Target

1 min read Reproduced verbatim
Rating
Positive
Unchanged
Target
$605
Outcome
Missed
within 12 months
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What the analyst said

Citi analyst Tyler Radke reiterated on June 11, 2025, a ‘Buy’ rating and $605 price target on Microsoft.


“We open a positive catalyst watch on MSFT with our view that Street Azure estimates are too low for FY26.

This is supported by exit rate math and capex ROI analysis which supports Azure growth in the mid-to-high 30s% and recent read-throughs and positive checks.

We believe the catalyst will be F’4Q25 earnings when FY26 guidance is announced and beyond as both Microsoft and OpenAI AI revenue continues to ramp.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MSFT trades at $531. The 28 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $605 target is 4% below the median.

Since the note MSFT has moved +13% (from $471). The 12-month window closed on June 11, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note MSFT closed at $390, 35% below the $605 target, and it moved the other way.

Firm track recordCiti: 88% of its 41 targets at least a year old were reached within 12 months (#3 of 26 firms); on Microsoft, 0 of 2. Accuracy ranking →

Citi on Microsoft

Citi price targets on Microsoft

5 calls from June 11, 2025 to October 29, 2026. The target went from $605 to $680 (+12%). The rating stayed Buy.

Citi targetMSFT share price
  1. October 29, 2026Target raised from $570 (+19%)Buy$680
  2. July 15, 2026Target cut from $620 (−8%)Buy$570
  3. April 30, 2026Target raised from $613 (+1%)Buy$620
  4. July 22, 2025Target raised from $605 (+1%)Buy$613
  5. June 11, 2025 This noteEarliest call shownBuy$605
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Other analysts on Microsoft

BairdBuy Raised price target +20%, kept rating Oct 30 $600from $500 ArgusBuy Kept rating Oct 30 UBSBuy Raised price target +4%, kept rating Oct 29 $700from $675 TD CowenBuy Raised price target +4%, kept rating Oct 29 $650from $625 CantorBuy Raised price target +4%, kept rating Oct 29 $630from $608
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.