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Jul 19, 04:21 PM
Microsoft Wins Wave of Price-Target Hikes on AI Demand
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Microsoft Wins Wave of Price-Target Hikes on AI Demand

Authors
  • CNBC
  • MarketWatch
  • First Squawk
13

Microsoft Corp. received a flurry of price-target increases over the past week as Wall Street firms pointed to accelerating adoption of the company’s artificial-intelligence products and continued cost discipline. Wells Fargo began the streak on 15 July, lifting its 12-month target to $600 from $585 and reiterating an Overweight rating, saying robust demand for AI solutions and recent cost actions should support double-digit earnings growth next year. On 16 July, Mizuho boosted its target to $540 from $500, while Cantor Fitzgerald moved to $581 from $512; both firms kept Outperform or Overweight views and highlighted momentum in generative-AI offerings and healthy cybersecurity demand despite some deal delays. Deutsche Bank followed on 18 July, raising its projection to $550 from $500 and maintaining a Buy stance. Bank of America concluded the run on 19 July, lifting its target to $585 from $515 on expectations that Azure and Copilot adoption can continue even in a sluggish macro environment. The revisions cluster Microsoft’s latest analyst targets between $540 and $600, underscoring broad confidence that the software maker remains a primary beneficiary of corporate spending on artificial intelligence.

Written with ChatGPT .

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