Stifel Downgrades $MSFT to Hold from Buy, Lowers PT to $392

Stifel Downgrades $MSFT to Hold from Buy, Lowers PT to $392 from $540

Analyst comments: "We downgrade Microsoft to Hold as we believe Street FY/CY27 revenue and EPS expectations are too optimistic. Given the well-documented Azure supply issues, coupled with Google’s strong… pic.twitter.com/1q1dlhNSy6

— Wall St Engine (@wallstengine) February 5, 2026