Microsoft price target raised to $625 from $600 at Wedbush

Wedbush raised the firm’s price target on Microsoft (MSFT) to $625 from $600 and keeps an Outperform rating on the shares following quarterly results. The firm cites “the eye popping” cloud and AI strength. Wedbush points out that this quarter was “music to the ears of MSFT bulls” as exceeded Street expectations with significantly reaccelerated Azure growth as the AI Revolution remains prominent with more companies doubling down on these strategic initiatives.