Jefferies Microsoft · MSFT

Jefferies Maintains $675 Price Target on Microsoft

1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$675
Upside
+27%
MSFT at $531 today
Jefferies and Microsoft logos

What the analyst said

Jefferies analyst Brent Thill reiterated on November 24, 2025, a ‘Buy’ rating and $675 price target on Microsoft.

“Our key takes

Copilot adoption is accelerating, as product has matured, moving from gradual to enterprise-wide rollouts.

Agents are emerging, but still early – 1st half of 1st inning.

AI is driving growth in non-AI workloads, though MSFT faces capacity constraints.

Strong core cloud demand continues with MSFT capturing share of migrations due to its end-to-end platform.”

Disclaimer
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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 $675 target is 7% above the median.

Since the note MSFT has moved +12% (from $472). 12-month window: day 348 of 365, closes on November 24, 2026.

Track record

This callOpen: MSFT has not reached $675 yet. This 12-month target is scored on November 24, 2026.

Firm track recordJefferies: 62% of its 21 targets at least a year old were reached within 12 months (#23 of 26 firms). Accuracy ranking →

Jefferies on Microsoft

Jefferies price targets on Microsoft

4 calls from May 1, 2025 to January 4, 2026. The target went from $550 to $675 (+23%). The rating stayed Buy.

Jefferies targetMSFT share price
  1. January 4, 2026Target raised from $490 (+38%)Buy$675
  2. December 10, 2025Target cut from $675 (−27%)Buy$490
  3. November 24, 2025 This noteTarget raised from $550 (+23%)Buy$675
  4. May 1, 2025Earliest call shownBuy$550
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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.