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Microsoft (MSFT) Targets $590 on Surging Azure Growth and AI Backlog

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Microsoft is rated a Strong Buy with a $590 price target, representing 22% upside.
  • Azure annual revenue surpassed $100 billion with 43% growth, while Copilot topped 30 million paid seats.
  • A massive $678 billion commercial backlog strongly de-risks future enterprise revenue growth.
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MSFT price history

495.63 +5.23% over the displayed period

Advisor Snapshot

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