Microsoft price target raised to $600 from $515 at Wedbush

Wedbush raised the firm’s price target on Microsoft (MSFT) to $600 from $515 and keeps an Outperform rating on the shares. The firm is “incrementally bullish” on Microsoft following recent artificial intelligence customer checks in the field. Wedbush says a “massive adoption wave of Copilot and Azure monetization now on the doorstep” for the company. The analyst has seen deal conversions for broader enterprise scale AI deployments accelerating in the field. Many Microsoft customers are now focused on deploying enterprise use cases across a number of verticals with financials, government, and retail “clear standouts,” the analyst tells investors in a research note. Wedbush sees this as Microsoft’s “shining moment,” saying AI set to change the company’s cloud growth trajectory.