Microsoft (MSFT): Mizuho Says Channel Checks Remain Strong

Microsoft Corporation (NASDAQ:MSFT) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 21, Mizuho reduced its price objective on the company’s stock to $620 from $640, while keeping an “Outperform” rating, as reported by The Fly. Notably, the firm’s targets were adjusted in the large-cap software group. These adjustments relate to the Q4 2025 earnings preview. As per the analyst, channel checks were overall strong, and public cloud data remained robust, with very strong AI adoption.

That being said, the firm added that growing investor worries about AI disruption have been affecting the valuation multiples of software companies. There have been multiple compressions, which is the main reason for the reduction in targets, added Mizuho.

Elsewhere, on January 21, Citi reduced its price objective on Microsoft Corporation (NASDAQ:MSFT)’s stock to $660 from $690, while keeping a “Buy” rating. According to the analyst, the firm’s reseller survey and partner checks have been showing a more mixed setup heading into Microsoft Corporation’s (NASDAQ:MSFT) Q2 2026 results. The firm anticipates that Azure will beat the forecasts in Q2 2026. However, the estimates for the company’s non-Azure businesses have been reduced due to weaker PC forecasts.

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Disclosure: None. This article is originally published at Insider Monkey.