Mizuho Microsoft · MSFT

Mizuho Reiterates Microsoft’s ‘Outperform’ Rating

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$640
Outcome
Missed
within 12 months
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What the analyst said

Mizuho analyst Gregg Moskowitz reiterated on October 28, 2025, an ‘Outperform’ rating and $640 price target on Microsoft.

“This morning, MSFT and OpenAI announced an important agreement reflecting updates to the partnership.

We previously contended that, despite growing investor concern, this relationship continues to be both healthy overall and a significant positive for MSFT.

In our view, today’s announcement clearly supports that.

In the end, while neither party got all that it wanted, we believe this agreement is a winwin.

For MSFT, it critically retains its revenue share for the foreseeable future, along with exclusive IP rights and Azure API exclusivity until Artificial General Intelligence (AGI) is attained, while obtaining a ~27% equity stake and ceding its right of first refusal.

More broadly, we remain confident MSFT’s revenue growth opportunities over the medium-term and beyond are greater than many realize, and we remain very bullish on its tangible AI adoption and monetization levers.

We reiterate our Outperform rating and maintain our PT of $640.”

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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 $531. The 28 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $640 target is 2% above the median.

Since the note MSFT has moved 0% (from $532). The 12-month window closed on October 28, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note MSFT closed at $531, 17% below the $640 target, and it moved the other way.

Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms). Accuracy ranking →

Mizuho on Microsoft

Mizuho price targets on Microsoft

5 calls from October 28, 2025 to October 29, 2026. The target went from $640 to $625 (−2%). The rating stayed Buy.

Mizuho targetMSFT share price
  1. October 29, 2026Target raised from $600 (+4%)Buy$625
  2. October 15, 2026Target raised from $510 (+18%)Buy$600
  3. July 30, 2026Target raised from $490 (+4%)Buy$510
  4. July 15, 2026Target cut from $640 (−23%)Buy$490
  5. October 28, 2025 This noteEarliest call shownBuy$640
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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.