Citizens JMP Reiterates $550 Price Target on Microsoft

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and $550 price target on Microsoft (NASDAQ: MSFT).

“We maintain our Market Outperform rating and $550 price target on Microsoft after it published a letter on Friday titled “Open Weights and American AI Leadership” that urges the Trump administration not to impose broad restrictions on open weight AI models, after Dario Amodei, Anthropic’s Co-Founder and CEO posted a response yesterday titled “Our position on open-weights models \ Anthropic,” ahead of F4Q26 earnings on Wednesday, and after the stock has traded down 18% year-to-date versus an increase of ~8% for the Russell 3000.”

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