UBS Cuts Microsoft Price Target to $510

Analysts cite concerns about growth outlook for tech giant

Mar. 28, 2026 at 8:34am

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UBS Group has reduced its price target for Microsoft (NASDAQ:MSFT) stock from $600 to $510, while maintaining a 'buy' rating on the software company's shares. The investment bank cited a more cautious outlook on Microsoft's growth prospects in its latest research report.

Why it matters

Microsoft is one of the most widely held and influential technology stocks, so any changes to its price target or outlook from major Wall Street firms can impact investor sentiment and the broader market. This move by UBS reflects broader concerns about the sustainability of Microsoft's recent strong performance.

The details

In its report, UBS said it has lowered Microsoft's price target from $600 to $510 per share, though it maintained its 'buy' rating on the stock. The investment bank cited a more cautious view on the company's growth outlook as the primary reason for the target reduction. Other major research firms have also recently trimmed their price targets for Microsoft, including Daiwa Securities Group and Wolfe Research.

  • UBS issued its updated research report on Microsoft on March 28, 2026.

The players

Microsoft Corporation

A global technology company headquartered in Redmond, Washington that develops, licenses and supports a broad range of software products, services and devices.

UBS Group

A Swiss multinational investment bank and financial services company that provides wealth management, asset management, and investment banking services globally.

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The takeaway

This price target reduction from UBS reflects broader concerns about the sustainability of Microsoft's recent strong performance and growth. As one of the most influential tech stocks, any changes to Microsoft's outlook can have ripple effects across the broader market.