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Stifel cuts Microsoft target, says Street FY27 gross margin estimates are too high

Stifel has lowered its Microsoft price target, citing concerns that fiscal year 2027 gross margin estimates are overly optimistic.

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The story so far

Microsoft stock has experienced a 4.5% decline amid concerns regarding the company's capital expenditure and its impact on future revenue growth. The recent market performance reflects the lowest trading levels for the company in one year.

Coverage from Yahoo Finance, The Motley Fool, Seeking Alpha, The Wall Street Journal, and Stocktwits highlights a price target revision initiated by Stifel. Analysts are specifically pointing to high AI-related spending as a primary factor influencing these revised projections.

Observers are looking toward the company's fiscal year 2027 gross margin targets to see if they align with updated market expectations. Additionally, reports indicate that potential changes to Xbox pricing remain a point of focus for investors.

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The obvious questions

Why did Stifel adjust its Microsoft price target?

Stifel cited concerns that Wall Street’s fiscal year 2027 gross margin estimates for the company are too high.

What concerns have analysts raised regarding Microsoft's spending?

Reports emphasize concerns regarding high levels of capital expenditure intended to drive revenue growth, particularly regarding AI spending.

How has the stock responded to these developments?

Microsoft stock slid 4.5% and is currently trading at its lowest level in one year.

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