Microsoft stock price slides after analyst target cuts as Wall Street braces for earnings
Microsoft shares fell 2.7% to $442.45 in late trading Wednesday, underperforming tech peers ahead of next week’s earnings report. Several analysts trimmed price targets, citing concerns over short-term cloud and AI demand. Trading volume reached 26.6 million shares, above the 65-day average. Investors await Azure growth figures and initial Copilot revenue on Jan. 28.