Citi has reiterated its Buy rating on Uber Technologies Inc., maintaining a price target of $102, citing the company's new product suite that enhances affordability, frequency, and convenience as key drivers for multi-year growth. Meanwhile, Citi has raised its price target for Microsoft Corp to $540 from $480 while maintaining a Buy rating. This upgrade follows Microsoft's strong third-quarter earnings report and a 3% workforce reduction, which is expected to provide over $1 billion in fiscal year 2026 tailwinds. Citi highlighted the reacceleration of Azure growth and continued capital expenditure momentum as positive factors supporting the outlook. Analysts at Citi suggest that Microsoft shares could jump nearly 20% based on these developments.
Microsoft Stock Remains a Buy, Citi Analysts Say. Why They Think Shares Can Rise 20%. https://t.co/ytbtnh5PoO
$MSFT | 𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 (MSFT): Citi raises 𝐏𝐓 𝐭𝐨 $𝟓𝟒𝟎 (from $480), maintains 𝐁𝐮𝐲. Azure growth reaccelerating, CapEx momentum intact — RIF savings provide $1B+ FY26 tailwind. https://t.co/1v6A3Dg8oa
$UBER | 𝐔𝐛𝐞𝐫 (UBER): Citi reiterates 𝐁𝐮𝐲 𝐫𝐚𝐭𝐢𝐧𝐠, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟎𝟐. New product suite enhances Affordability, Frequency & Convenience — key pillars for multi-year growth. https://t.co/uHl5ehElyh