Truist Microsoft · MSFT

Truist Lowers Microsoft Price Target to $575

Analyst: Terry Tillman 1 min read Reproduced verbatim
Rating
Buy
Target
$575
from $675 (−15%)
Upside
+8%
MSFT at $531 today
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What the analyst said

Truist Securities analyst Terry Tillman lowered the price target on Microsoft (NASDAQ: MSFT) to $575.00 (from $675.00) while maintaining a Buy rating.

“We view MSFT’s 3QFY26 as another solid execution qtr, w/ Azure CC growth of 39% & AI rev surpassing a $37B run rate, as mgmt notes demand remains supply constrained.

Copilot adoption continues to scale (20M+ paid seats), & we believe the shift toward seats + consumption should expand LT monetization, despite NT noise in bookings & RPO.

While investor focus remains on ~$190B of expected ’26 capex & margin pressure, we believe this reflects a pull-forward of investment to meet supply constrained AI demand w/ returns increasingly tied to scaling usage & monetization over time.

Reit. Buy but lower PT to $575 (from $675) on sustained multiple compression across software.”

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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 $575 target is 9% below the median.

Since the note MSFT has moved +25% (from $424). 12-month window: day 192 of 365, closes on April 30, 2027.

Track record

This callOpen: MSFT has not reached $575 yet. This 12-month target is scored on April 30, 2027.

Firm track recordTruist: 79% of its 28 targets at least a year old were reached within 12 months (#16 of 26 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Microsoft’s Apr 29 results: 7 raised · 3 cut · 5 kept. See every call →

Truist on Microsoft

Truist price targets on Microsoft

4 calls from September 15, 2025 to October 29, 2026. The target went from $675 to $630 (−7%). The rating stayed Buy.

Truist targetMSFT share price
  1. October 29, 2026Target raised from $600 (+5%)Buy$630
  2. October 26, 2026Target raised from $575 (+4%)Buy$600
  3. April 30, 2026 This noteTarget cut from $675 (−15%)Buy$575
  4. September 15, 2025Earliest call shownBuy$675
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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.