Citizens JMP Microsoft · MSFT

Citizens Reiterates Market Outperform on Microsoft, $550 Price Target

1 min read Reproduced verbatim
Rating
Market Outperform
Unchanged
Target
$550
Unchanged
Outcome
Reached
on November 4, 2026
Citizens JMP and Microsoft logos

What the analyst said

Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $550.00 price target on Microsoft (NASDAQ: MSFT).

“On June 16, Microsoft (MSFT, MO, $550 PT) announced that Copilot Cowork is generally available worldwide and will use usage-based billing, with task pricing based on model use, context retrieval, tool calls, and runtime.

Axios reported that Microsoft is also exploring a Microsoft-hosted version of DeepSeek V4, or another open-source model, as a lower-cost alternative to the Anthropic and OpenAI models currently powering Copilot Cowork.

Axios reported that any DeepSeek option would be optional for customers and hosted on Azure, keeping customer data within Microsoft’s cloud.”

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.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $550 target is 13% below the median.

Since the note MSFT has moved +44% (from $367). 12-month window: day 137 of 365, closes on June 23, 2027.

Track record

This call✓ Target reached on November 4, 2026, 5 months after the note. Same target as this firm’s June 4, 2026 note, so it is scored there.

Firm track recordCitizens JMP: 60% of its 5 targets at least a year old were reached within 12 months. Accuracy ranking →

Citizens JMP on Microsoft

Citizens JMP price targets on Microsoft

8 calls from June 4, 2026 to September 15, 2026. The target stayed at $550. The rating stayed Buy.

Citizens JMP targetMSFT share price
  1. September 15, 2026Kept the $550 targetBuy$550
  2. August 31, 2026Kept the $550 targetBuy$550
  3. July 30, 2026Kept the $550 targetBuy$550
  4. July 28, 2026Kept the $550 targetBuy$550
  5. July 13, 2026Kept the $550 targetBuy$550
  6. July 7, 2026Kept the $550 targetBuy$550
  7. June 23, 2026 This noteKept the $550 targetBuy$550
  8. June 4, 2026Earliest call shownBuy$550
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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.