Major Bank Ratings | Wolfe: Raises Microsoft FY2027 Capital Expenditure Estimate, Lowers Target Price to $525

Golden Finance July 7｜Wolfe Research released a research report, lowering Microsoft’s target price from $570 to $525. The main reason for this downgrade is the sharp rise in memory prices, prompting the agency to raise Microsoft’s estimated capital expenditure for fiscal year 2027 from $230 billion to $270 billion, while maintaining an “outperform” rating.