Wedbush raised the firm’s price target on Microsoft to $500 from $475 and keeps an Outperform rating on the shares. The firm cites incrementally bullish recent AI customer checks with “transformative” Copilot monetization on the doorstep for Microsoft and now starting to manifest across many customers and verticals. Microsoft is on Wedbush Best Ideas List. The firm strongly views this as Microsoft’s “iPhone Moment,” with AI set to change the cloud growth trajectory in Redmond the next few years and its recent checks giving further confidence in this dynamic.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Coalition of tech giants seek to break Nvidia’s ‘grip on AI,’ Reuters says
- Jefferies software/Internet analyst to hold analyst/industry conference call
- China blocks uses of Intel, AMD chips in government computers, FT reports
- Opening Day: Reddit jumps nearly 50% in market debut
- Microsoft or Adobe: KeyBanc Picks the Superior AI Stock to Buy
