Microsoft: Wedbush raises target price

(CercleFinance.com) - Wedbush confirms its 'outperform' rating on Microsoft shares, raising its target price for them from $475 to $500 for the US IT giant's stock, which is still on its 'best ideas list'.


This increased target price reflects "incrementally bullish recent AI customer checks, with "transformative" Copilot monetization on the doorstep for Microsoft and now starting to manifest across many customers and verticals".

Wedbush sees this strongly as Microsoft's "iPhone moment" "with AI set to change the cloud growth trajectory in Redmond in the next few years", with its recent checks giving further confidence in this dynamic".


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