Microsoft Corporation (NASDAQ:MSFT) saw its price target lowered by TD Cowen to $625 from $655 ahead of Q2 results. Capacity constraints are expected to limit growth acceleration. The firm remains optimistic about Microsoft’s AI workload capabilities. Earnings are set to be reported on January 28, with potential for AI growth and reacceleration in the second half of 2026.

Read more at Yahoo Finance: TD Cowen Sees Microsoft (MSFT) Shares Range-Bound Ahead of Earnings