Microsoft beat Wall Street’s earnings and revenue forecasts but its intelligent-cloud business fell short of estimates. The software giant posted earnings just days after the te

Securities adjusted its outlook on Microsoft Corporation (NASDAQ:MSFT), reducing the tech giant's price target from $510 to $500 while maintaining an Outperform rating. The revision reflects a mix of challenges and positive developments in the company's performance.

Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The company said earnings were $3.23 a share on revenue of $69.6 billion. Analysts surveyed by FactSet were expecting earnings of $3.