Oppenheimer upgraded Microsoft Corp. (MSFT) to an Outperform rating from Perform, setting a price target of $600, citing strong growth potential driven by artificial intelligence (AI) revenue and Azure cloud platform momentum. This upgrade reflects increased investor focus on Microsoft's AI revenue stream and Azure's continued strength in infrastructure-as-a-service (IaaS). Other financial firms have also raised their price targets for Microsoft recently: Piper Sandler increased its target to $600 from $475, UBS to $600 from $500, Raymond James to $570 from $490, Loop Capital to $600 from $550, Evercore to $545 from $515, and Stifel to $550 from $500, all maintaining Buy or Outperform ratings. Analysts highlight robust enterprise spending, AI infrastructure demand, and cloud momentum as key drivers. Goldman Sachs noted that Microsoft has added approximately $650 billion to its market capitalization this year, nearing a $4 trillion valuation, positioning the company well to capitalize on secular trends including generative AI and public cloud consumption. Cantor Fitzgerald maintained an Overweight rating with a $581 price target, emphasizing cloud momentum and OpenAI monetization prospects for fiscal year 2026. Overall, the consensus among analysts points to a constructive outlook for Microsoft ahead of its fiscal fourth-quarter earnings report.