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00:02Microsoft shares fell Wednesday as analysts said the stock's 18% year-to-date decline
00:08has pushed it into oversold territory ahead of fourth-quarter earnings.
00:13Truist maintained a buy rating and $575 price target, saying solid fourth-quarter results
00:19and a credible outlook could reverse excessive pessimism surrounding Microsoft's stock.
00:24Oppenheimer kept its outperform rating and $515 price target,
00:28saying Microsoft must show strong demand, steady AI growth, and stable Microsoft 365 performance
00:35while easing concerns about spending, returns, and competition.
00:39Bernstein set a 646 target but cautioned that next week's report may not mark a clear turning point.
00:45Capital spending remains the central concern.
00:48Microsoft reported $190 billion in 2026 capital expenditures, up 61% year-over-year.
00:54Truist expects fiscal 2027 spending to reach $252 billion.
00:59Shares fell by 0.52% at 380.32 in Thursday's pre-market trading, according to Benzinga Pro.
01:06For all things money, visit Benzinga.com.
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