Stocks
Bank of America Lifts Microsoft Price Target to $600 on Strong Cloud Growth
Bank of America recently upgraded Microsoft's stock price target to $600 after the tech giant reported strong Q4 fiscal 2026 results.
The upgrade follows a period of accelerating Azure cloud growth, with revenue increasing from 39% to 43%, and forecasted to reach 45% in Q1 fiscal 2027.
Microsoft's AI capabilities have also seen significant improvements, with over 30 million paid Microsoft 365 Copilot seats sold, and a reduction in AI infrastructure costs leading to enhanced performance and profitability.