Microsoft price target lowered to $475 from $550 at Wedbush

Wedbush lowered the firm’s price target on Microsoft (MSFT) to $475 from $550 and keeps an Outperform rating on the shares. The tariff “game of poker” is adding a high level of near-term uncertainty to any company with supply chains and cost inputs around China and it has also “created real damage to the corporate spending mentality,” the analyst tells investors. The firm estimates that 10%-15% of many cloud and AI initiatives in the U.S. it is tracking in the field could be pushed out or slowed down during this period of uncertainty, adding that this “could be conservative” and that Microsoft “will be front and center.” The firm is cutting Microsoft’s June quarter and 2026 estimates along with lowering its price target