BofA Securities Raises Microsoft Price Target to $600
BofA Securities analyst Tal Liani raised the price target on Microsoft (NASDAQ: MSFT) to $600 (from $500) while maintaining a Buy rating on September 1, 2026.
“Microsoft’s 4Q26 results provided further validation of its AI strategy, with Azure growth accelerating from 39% in 3Q26 to 43% 4Q26 and guidance of 45% in 1Q27.
Paid M365 Copilot seats exceeded 30mn, with net additions more than doubling QoQ, while RPO increased 84% YoY.
We remain constructive on the company’s long-term positioning across AI infrastructure, models and applications and reiterate our Buy rating.
We increase our PO to $600 from $500, based on 28x our CY27E P/E versus 24x previously, reflecting accelerating cloud growth and improved visibility into investment returns.”
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