Oppenheimer has upgraded Microsoft Corp. (MSFT) from Perform to Outperform, setting a price target of $600. The upgrade reflects strong growth potential driven by Microsoft's expanding artificial intelligence (AI) revenue stream and continued momentum in its Azure cloud platform. Analysts view Microsoft as a long-term leader in AI software. Additionally, Piper Sandler raised its price target for Microsoft to $600 from $475, citing robust infrastructure-as-a-service (IaaS) momentum and bullish AI infrastructure spending. UBS also increased its price target to $600 from $500 while maintaining a Buy rating, highlighting Azure's growth, earnings revisions ahead of the fiscal fourth-quarter report, and positive enterprise sentiment.