Morgan Stanley Microsoft · MSFT

Morgan Stanley Raises Microsoft’s Price Target to $625

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$625
from $582 (+7%)
Outcome
Missed
within 12 months
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What the analyst said

Morgan Stanley analyst Keith Weiss raised on September 26, 2025, Microsoft’s price target to $625 (from $582). The ‘Overweight’ rating remained unchanged.

“The strong positioning of Microsoft for multiple secular growth drivers – GenAI (polls #1 as the biggest wallet share gainer), migration of Enterprise workloads to the Public Cloud (polls #1 as the biggest wallet share gainer), Cyber-security (the largest vendor in the space with >$40 billion in revenues) and across all these an ongoing push towards consolidation of spend with fewer vendors – enables an under-appreciated durability of high-teens total return profile, currently under-priced at a <26x GAAP CY27 EPS multiple compared to the >$50Bn large-cap software average at 32x non-GAAP EPS.

Sustained momentum on the top-line, better appreciation of the breadth of growth drivers and resolution of uncertainty around the OpenAI relationship should drive shares toward our upwardly revised $625 price target.

Reiterate Overweight, making Microsoft our Top Pick in large-cap software given the clearest and highest probability positive risk/reward in the space.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MSFT trades at $536. The 28 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $625 target is 1% below the median.

Since the note MSFT has moved +6% (from $507). The 12-month window closed on September 26, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note MSFT closed at $509, 19% below the $625 target, but it moved the way the analyst expected.

Firm track recordMorgan Stanley: 82% of its 50 targets at least a year old were reached within 12 months (#8 of 26 firms); on Microsoft, 1 of 3. Accuracy ranking →

Morgan Stanley on Microsoft

Morgan Stanley price targets on Microsoft

6 calls from April 16, 2025 to October 29, 2026. The target went from $472 to $650 (+38%). The rating stayed Buy.

Morgan Stanley targetMSFT share price
  1. October 29, 2026Target raised from $600 (+8%)Buy$650
  2. July 30, 2026Kept the $600 targetBuy$600
  3. July 21, 2026Target cut from $625 (−4%)Buy$600
  4. September 26, 2025 This noteTarget raised from $582 (+7%)Buy$625
  5. July 31, 2025Target raised from $472 (+23%)Buy$582
  6. April 16, 2025Earliest call shownBuy$472
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Other analysts on Microsoft

BairdBuy Raised price target +20%, kept rating Oct 30 $600from $500 ArgusBuy Kept rating Oct 30 UBSBuy Raised price target +4%, kept rating Oct 29 $700from $675 TD CowenBuy Raised price target +4%, kept rating Oct 29 $650from $625 CantorBuy Raised price target +4%, kept rating Oct 29 $630from $608
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.