There's a "rich" catalyst path ahead for Microsoft shares, according to Citi.
The firm initiated a positive 90-day catalyst watch on Microsoft shares.
While the tech giant's stock is up nearly 40% year to date, it has lagged on a relative basis since it issued disappointing quarterly revenue guidance in July.
Microsoft shares have declined 5% since, while other shares in its peer group have gained 4.9%.
Radke's initial read on fiscal first-quarter earnings is more positive owing to inputs on cloud consumption trends and stabilization in the PC market.
Persons:
Tyler Radke, Radke, — CNBC's Michael Bloom
Organizations:
Microsoft, Citi, CoPilot