UBS Microsoft · MSFT

UBS Reiterates Buy on Microsoft, $510 Price Target

Analyst: Karl Keirstead 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$510
Unchanged
Outcome
Reached
on August 28, 2026
UBS and Microsoft logos

What the analyst said

UBS analyst Karl Keirstead reiterated a Buy rating and $510.00 price target on Microsoft (NASDAQ: MSFT).

“Microsoft reported a largely in-line 3Q/Mar print, with most key metrics (c/c revs growth of 15%, Azure growth of 39%, M365 growth of 15%, EBIT margins of 46%) landing right on top of our estimates and investor consensus.

Looking forward, there were a few surprises that will shape the debate on the stock in the coming months – guidance for an acceleration in Azure growth in the Sept/Dec 2026 quarters, a material bump in capex and a faster-than-expected shift to usage-based pricing.

All-in, we expect muted follow-through in the stock.”

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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 $532. The 28 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $510 target is 19% below the median, the lowest on the Street.

Since the note MSFT has moved +25% (from $424). 12-month window: day 190 of 365, closes on April 30, 2027.

Track record

This call✓ Target reached on August 28, 2026, 4 months after the note.

Firm track recordUBS: 81% of its 54 targets at least a year old were reached within 12 months (#9 of 26 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Microsoft’s Apr 29 results: 7 raised · 3 cut · 5 kept. See every call →

UBS on Microsoft

UBS price targets on Microsoft

6 calls from July 31, 2025 to October 29, 2026. The target went from $650 to $700 (+8%). The rating stayed Buy.

UBS targetMSFT share price
  1. October 29, 2026Target raised from $675 (+4%)Buy$700
  2. October 15, 2026Target raised from $525 (+29%)Buy$675
  3. July 30, 2026Target raised from $480 (+9%)Buy$525
  4. July 27, 2026Target cut from $510 (−6%)Buy$480
  5. April 30, 2026 This noteTarget cut from $650 (−22%)Buy$510
  6. July 31, 2025Earliest call shownBuy$650
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Other analysts on Microsoft

BairdBuy Raised price target +20%, kept rating Oct 30 $600from $500 ArgusBuy Kept rating Oct 30 TD CowenBuy Raised price target +4%, kept rating Oct 29 $650from $625 CantorBuy Raised price target +4%, kept rating Oct 29 $630from $608 DA DavidsonBuy Raised price target +18%, kept rating Oct 29 $650from $550
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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.