Oppenheimer & Co. kicked off a fresh round of bullish calls on Microsoft Corp., upgrading the stock to Outperform from Perform and assigning a $600 price objective on 9 July. Analyst Timothy Horan said accelerating monetisation of artificial-intelligence services and sustained growth in the Azure cloud platform should draw greater investor attention. The move was quickly echoed across Wall Street. Piper Sandler lifted its target to $600 from $475 on 10 July while maintaining an Overweight rating, and UBS analyst Karl Keirstead matched the $600 objective on 23 July, up from $500. Loop Capital and Wedbush, in notes dated 26 July, reiterated $600 price goals, while Raymond James nudged its target to $570 two days later. Stifel also raised its view to $550. Analysts cite robust enterprise demand for generative-AI infrastructure, improving cloud-services uptake and the prospect of positive earnings revisions ahead of Microsoft’s fiscal fourth-quarter results. The clustering of higher price objectives underscores growing conviction that the company’s heavy investment in AI can translate into meaningful revenue and profit growth.
$SQM -JPMorgan raises Sociedad Quimica y Minera target to $41 from $39 Neutral - $SRCE -Piper Sandler raises 1st Source target to $80 from $75 Overweight -Keefe Bruyette & Woods raise target to $69 from $67 Market Perform -
$QCRH -Piper Sandler raises QCR targets to $92.50 from $88 Overweight - $QSR -Citi raises Restaurant Brands target to $76 from $75 Neutral - $R -Baird raises Ryder target to $192 from $186 Outperform -Morgan Stanley raises target to $190 from $175 Overweight -
$PVH -JPMorgan raises PVH target to $87 from $76 Neutral - $PWR -Citi raises Quanta Services target to $492 from $432 Buy -Bernstein raises target to $410 from $383 Downgrades to Market Perform from Outperform - $QCOM -JPMorgan raises Qualcomm target to $200 from $190 Overweight