Stocks
Oppenheimer Boosts Microsoft Price Target to $570 Amid Azure Growth
A Wall Street analyst has increased Microsoft's stock price target to $570 from $515 while maintaining its 'Outperform' rating.
The updated target, set by Oppenheimer, implies a potential upside of around 13.6% for investors, based on the company's recent share price of $501.61.
The analyst cited accelerating growth across Azure cloud services, Microsoft 365, and the expanding artificial intelligence business as reasons for its bullish outlook.