TD Cowen Reaffirms Buy on Microsoft, $540 Price Target
TD Cowen analyst Derrick Wood reiterated a Buy rating and $540.00 price target on Microsoft (NASDAQ: MSFT).
“Build ’26: Launches New In-House Models, Easing Its Reliance On Frontier Labs; The Build conference marked a leap forward for MSFT and its positioning around AI models, AI stack layers, DIY apps, custom silicon & more.
There were an enormous amount of updates, incl. 7 new self-built models focused on fine-tuning & cost optimization.
This explains why GPU capacity was being drawn into internal R&D in recent qtrs, and now MSFT enters a new plane w/ its AI portfolio ambitions.
Build ’26 reinforced our view that MSFT sits in a strong position for addressing the broader AI complex. Reiterate Buy.”
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