Citi Cuts Microsoft (MSFT) Price Target to $660, Maintains Buy Rating

Citi lowered its price target on Microsoft Corp. (MSFT) to $660 from $690 on January 21, 2026, while reiterating its Buy rating on the shares. The adjustment reflects a more cautious near-term outlook heading into the company's fiscal second-quarter results. The firm's updated target represents a reduction of approximately 4.3%. Microsoft remains a long-term holding in several analyst portfolios, with the price target revision focused on short-term setup.