Citi boosts Microsoft price target as AI momentum accelerates
- Citi raised its price target for Microsoft to $540 while reiterating its buy recommendation.
- Several companies, including Netflix and Dell, received mixed ratings from analysts leading up to earnings reports.
- The ongoing momentum in artificial intelligence technology shapes the outlook for major players in the tech industry.
In the United States, several significant analyst calls were made on May 15, 2025, affecting various major tech and airline companies. Evercore ISI reiterated its outperform rating for Netflix, expressing bullish sentiment ahead of a key investor event, while JetBlue was downgraded to Market Perform due to a balanced risk-reward after reaching a target price of $5.00 following a recent tactical upgrade. TD Cowen initiated coverage on Bank of America with a buy rating, stating the bank is well-positioned for future growth. Furthermore, Bank of America reaffirmed its buy rating for Dell ahead of its upcoming earnings announcement set for May 29. Citi initiated coverage on Webtoon with a buy rating, highlighting the platform's current undervaluation after significant market value loss since its IPO in June 2024. Citi also reiterated its buy rating for Microsoft, increasing its price target from $480 to $540 per share, emphasizing accelerating artificial intelligence momentum and achieving $600 million in new orders for the company's third fiscal quarter. Jefferies also reiterated a buy rating for Nike, citing Dick's acquisition of Foot Locker as a positive for the brand's recovery given the anticipated improvements in the marketplace. Wolfe raised Boeing's price target following the company's newly announced partnership with Qatar Airways. Bank of America reiterated its buy rating on CoreWeave, describing it as a leader in the AI hyperscaler space after recent earnings. Conversely, DA Davidson downgraded CoreWeave to underperform, expressing concerns about the scalability and value of the business. In summary, analysts have issued various ratings on major companies, demonstrating diverse outlooks based on market performance and potential future growth. The ongoing transformation in the tech industry, driven by AI and other innovations, continues to shape the landscape. Investors and analysts alike are keenly watching these shifts as they evaluate strategies moving forward.