TD Cowen Raises Microsoft Price Target to $580
- Rating
- Buy
- Price target
- $580
- from $540
- Implied upside
- +15%
- vs $505.62 prior close
TD Cowen analyst J.
Derrick Wood raised the price target on Microsoft (NASDAQ: MSFT) to $580 (from $540) while maintaining a Buy rating.
“MSFT reports 4Q on 7/30. While shares are hitting all-time highs, we think the story continues to grow increasingly attractive w/ MSFT positioned as a clear beneficiary
in the AI cycle.
Azure checks were strong, we’re expecting capacity constraints to be easing, and our new bottoms-up model gives us confidence in Azure growth trending well above Street in the qtrs ahead.
Reiterate Buy. PT to $580.”
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Tracking this call
Since this note+5% MSFT $505.62 → $529.76 (Oct 8) · 32% of the way to the target
This call at 6 months✗ Not reached in six months: MSFT closed at $460, 21% below the $580 target, and it moved the other way. At 12 months: not reached.
Firm track recordTD Cowen reached 76% of its 34 scored targets within six months (#6 of 31 firms). Accuracy ranking →
