Microsoft Slips to $494.64 Despite Oppenheimer Raising Price Target to $570

Microsoft Corporation shares slipped about 1.3% to trade around $494.64 on Tuesday despite a bullish research update from Oppenheimer. Oppenheimer analyst Brian Schwartz raised the firm's price target on Microsoft to $570 from a previous target of $515 following meetings with company management. Oppenheimer noted that the company's thesis of operational acceleration paired with strict capital discipline remains intact. The upward revision reflected solid expectations for revenue expansion across Azure, enterprise software modernization, and artificial intelligence deployments amid mild consolidation across mega-cap technology stocks.