Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on Microsoft (MSFT) to $512 from $502 and keeps an Overweight rating on the shares. Microsoft’s Q3 was in line with Cantor’s cloud checks earlier in the month, which cited acceleration in cloud in Q1 vs. last quarter, driven by AI, the analyst tells investors in a research note. For AI, Microsoft cited better-than-expected demand, which should push out its expectation to reach supply and demand equilibrium.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft price target raised to $482 from $472 at Morgan Stanley
- Microsoft’s Strong Financial Performance and Optimistic Outlook Justify Buy Rating
- Microsoft’s Strong Financial Performance and Growth Potential Justifies Buy Rating
- Microsoft price target raised to $475 from $435 at Piper Sandler
- Microsoft price target raised to $515 from $480 at BofA