Microsoft Price Target Soars to $690 on Azure Growth

Wall Street firm Tigress Financial Partners has raised Microsoft's 12-month price target to $690 from $595. This decision comes after strong fiscal results and growth in AI and cloud services.

The new price target implies about a 40% upside from the current price, driven by accelerating Azure cloud revenue, expanding Microsoft 365 Copilot adoption, and a record commercial backlog.

Analysts highlight Microsoft's leadership in AI and disciplined capital allocation as key to durable growth and shareholder value. The consensus is strong, with 36 analysts maintaining a buy rating and an average target of $560.52.