JPMorgan Raises Price Target for Microsoft to $625, Sees Over 25% Upside

JPMorgan has raised its price target for Microsoft stock to $625, indicating potential upside of over 25% through the end of 2027.

This bullish call comes from analyst Samik Chatterjee, who believes that artificial intelligence (AI) tailwinds will drive MSFT materially higher from here.

Chatterjee's decision is based on the rapid adoption of Microsoft 365 Copilot and its ability to generate significant recurring software revenue.

The analyst estimates that Copilot could bring in between $24 billion and $41 billion in incremental sales, roughly seven times his previous baseline estimate.