Oppenheimer Lifts Microsoft Target to $570 Amid Copilot Enterprise Pivot

Microsoft's shares rose 4% to $516.39 in afternoon trading after Oppenheimer raised its price target on Microsoft stock to $570, citing the company's Copilot overhaul aimed at corporate customers.

The Technology Select Sector SPDR Fund is up 0.8%, with Microsoft being one of its largest holdings.

Oppenheimer analyst Brian Schwartz kept an Outperform rating and highlighted risks such as AI disruption and a pull-forward of enterprise technology spending.

Microsoft has merged its consumer and workplace Copilot assistants into a single application built for enterprise customers, ending the effort to build a personal AI companion.