Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 317

Citi recently raised the price target on Microsoft Corporation (NASDAQ:MSFT) to $540 from $480 and kept a Buy rating on the shares. Microsoft is a technology company. Citi updated Microsoft’s model following reports this week of a 3% workforce reduction and post the company’s strong fiscal Q3 results. Management commentary has remained confident on the demand environment and investment cycle, the analyst told investors in a research note. This gives Citi confidence to raise the Azure growth trajectory back to 35% year-over-year in Q4. Citi estimates the latest workforce reduction can help generate incremental net savings upwards of $1 billion into fiscal 2026 to help offset the incremental depreciation and spending.

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