FTC probe into Microsoft ‘much more bark than bite,’ says Wedbush

Wedbush analyst Daniel Ives keeps an Outperform rating on Microsoft (MSFT) with a $550 price target after Bloomberg reported the Federal Trade Commission opened an antitrust investigation into the company. This FTC suit is “much more bark than bite and ultimately will fade into the background once a new FTC chair is likely named by Trump for January,” the analyst tells investors in a research note. The firm believes the big technology companies will ultimately emerge from the DOJ’s legal challenges “with some scrapes and bruises,” but “nothing more concerning that disrupts the bullish tech trade and AI Revolution thesis into 2025 and beyond.”