Finance and Economics APP learned that Goldman Sachs has lowered its target price for Microsoft (MSFT.US) from $515 to $500, while maintaining a 'buy' rating on the stock. After Microsoft's AI capital expenditure forecasts for the 2026 and 2027 fiscal years were announced, Goldman Sachs slightly lowered its expectations for the company's free cash flow. However, in a research report, Goldman Sachs stated that with the launch of capabilities and the continuous growth of AI revenue, Microsoft's performance should outperform Goldman Sachs' 14% revenue growth expectations. Goldman Sachs added that Microsoft's profit growth still outpaces the S&P 500 index by 300 basis points, proving that the stock's valuation is reasonable.