Reported 1 day ago
Bernstein SocGen has increased Microsoft’s price target from $520 to $540 due to optimistic forecasts regarding AI-driven cloud growth, particularly linked to Microsoft's partnership with OpenAI. With Microsoft shares currently trading near their 52-week high at $477, analysts anticipate significant revenue growth by 2029-2030 due to Azure's expected demand in cloud infrastructure. This revision also includes increased revenue and earnings estimates for fiscal years 2026 and 2027.
Source: YAHOO