Evercore ISI Reiterates Outperform Rating on Microsoft, Price Target Set at $500; Shares Up 12% in 2024

Evercore ISI has reiterated its 'Outperform' rating on Microsoft Corporation (MSFT), setting a price target of $500. The firm noted that despite a 7% decline in Microsoft shares from December 17 to December 31, the stock was up 12% over the course of 2024. Analysts are exploring the potential for a 'mini revenge trade' in 2025, as questions arise regarding the company's recent performance. Additionally, Microsoft has recently returned to important demand levels, indicating potential market interest.