Goldman Sachs lowered the firm’s price target on Microsoft (MSFT) to $450 from $500 and keeps a Buy rating on the shares as part of a fiscal Q3 earnings preview. The firm says that despite the recent macro uncertainty, it expects Microsoft to execute well against its estimates for 11% revenue growth for the fiscal year. However, Goldman sees a wide range of different outcomes for the company’s three business units as customers navigate the macro volatility, the analyst tells investors in a research note.
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