Analysts Downgrade Tech Giants, Microsoft Stock in Focus
Wall Street analysts, including Alexander Haissl from Rothschild and Company Redburn, are downgrading tech giants like Amazon and Microsoft from Buy to Neutral. This shift comes as a surprise, given their consistent strong earnings. Haissl revised Microsofts price target down to five hundred dollars, implying little upside from its current trading price. The concern lies in the potential weakness of Microsofts cloud business and the high cost of its AI infrastructure investment. This downgrade could signal a broader reevaluation of tech stocks, especially if the economic climate softens.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.