Wall Street Raises Price Targets on Microsoft, Apple, and More
Wall Street analysts have been adjusting their price targets on several prominent holdings in TheStreet Pro Portfolio, reflecting changing market expectations and new data. Microsoft shares received an upgrade to 'Buy' from Stifel, with a $575 price target, driven by the company's continued revenue growth and operating expense efficiency.
The firm sees Microsoft delivering mid-to-upper-teens revenue growth, which is expected to be reflected in its cloud backlog conversion into booked revenue and segment margins. The upgrade comes as TheStreet Pro Portfolio was already leaning towards increasing its $500 price target for Microsoft shares.
Other notable adjustments include BofA's observation of stable to slightly extended iPhone lead times at Apple, which the firm views as 'incrementally positive.' Meanwhile, UBS Evidence Lab data suggests that iPhone 18 Pro/Pro Max demand may be improving, with average wait times increasing week over week.