Bank of America Microsoft · MSFT

BofA Securities Raises Microsoft Price Target to $600

Analyst: Tal Liani 1 min read Reproduced verbatim
Rating
Buy
Target
$600
from $500 (+20%)
Upside
+15%
MSFT at $520 today
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What the analyst said

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.”

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 $520. The 27 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $600 target is 5% below the median.

Since the note MSFT has moved +3% (from $507). 12-month window: day 58 of 365, closes on September 1, 2027.

Track record

This callOpen: MSFT has not reached $600 yet. This 12-month target is scored on September 1, 2027.

Firm track recordBank of America: 89% of its 36 targets at least a year old were reached within 12 months (#7 of 21 firms). Accuracy ranking →

Bank of America on Microsoft

Bank of America price targets on Microsoft

4 calls from July 18, 2025 to October 29, 2026. The target went from $585 to $630 (+8%). The rating stayed Buy.

Bank of America targetMSFT share price
  1. October 29, 2026Target raised from $600 (+5%)Buy$630
  2. September 1, 2026 This noteTarget raised from $500 (+20%)Buy$600
  3. July 30, 2026Target cut from $585 (−15%)Buy$500
  4. July 18, 2025Earliest call shownBuy$585
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Other analysts on Microsoft

ScotiabankBuy Raised price target +4%, kept rating Oct 29 $650from $625 TruistBuy Raised price target +5%, kept rating Oct 29 $630from $600 StoneXBuy Raised price target +5%, kept rating Oct 29 $630from $600 MizuhoBuy Raised price target +4%, kept rating Oct 29 $625from $600 OppenheimerBuy Kept rating and price target Oct 29 $625maintained
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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.