Cantor Fitzgerald Boosts Microsoft Price Target to $608 Amid Growing Optimism
Cantor Fitzgerald has increased its price target for Microsoft to $608 per share from $522, while maintaining an Overweight rating. This move reflects growing optimism about the software giant's growth prospects. The firm cited accelerating growth and strong fundamentals as reasons for the raised target.
The new price target represents 10.5 times calendar 2027 revenue, in line with Microsoft's three-year median multiple. Cantor Fitzgerald noted that this is below the company's current P/E ratio of 27.63, but still reflects a premium valuation. The analyst maintained its Overweight rating on the stock.
In related news, JMP Securities has upgraded Microsoft, highlighting its approach to AI development. Citizens analyst Patrick Walravens also reiterated a Market Outperform rating with a $550 price target for Microsoft, citing ongoing AI safety debates. Meanwhile, Netflix faces challenges in the streaming sector after Wells Fargo downgraded it to Underweight and reduced its price target to $57.