Wells Fargo Microsoft · MSFT

Wells Fargo Raises Microsoft Price Target to $750

Analyst: Michael Turrin 1 min read Reproduced verbatim
Rating
Overweight
Target
$750
from $725 (+3%)
Upside
+41%
MSFT at $531 today
Wells Fargo and Microsoft logos

What the analyst said

Wells Fargo analyst Michael Turrin raised the price target on Microsoft (NASDAQ: MSFT) to $750 (from $725) while maintaining an Overweight rating.

“Additional Reads: 1) Multi-model AI: Foundry revenue >3x y/y, OSS model revenue +10x and multi-model agentic customers +5x y/y, reinforcing MSFT’s model-agnostic approach; 2) Security: Architecture increasingly converging on identity + security + agents with MSFT Purview auditing >7.6B agent activities to date, up 5x q/q; 3) AI Adoption: Copilot DAUs +50% q/q & 5x y/y, customers actively consuming credits +75% in the Q, and Github agentic credit consumption up >2x since usage-model introduced.

Valuation & Estimates: Shares trade at 26.5x P/E on our NTMe in AH trading.

Our $750 PT (raised on higher ests, multiples) is derived from ~30x P/E on our Fwd NTMe, justified in our view by unprecedented scale + durability and series of favorable LT tailwinds still ahead.

FY27 revs to / from $398.5B / $394.0B, FCF $30.3B / $9.4B, EPS $19.83 / $19.59. FY28 revs to / from $489.9B / $483.8B, FCF $42.1B / $13.3B, EPS $23.86 / $23.66.”

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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 27 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $750 target is 19% above the median, the highest on the Street.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: a 12-month target, scored on October 29, 2027, a year after the note.

Firm track recordWells Fargo: 67% of its 27 targets at least a year old were reached within 12 months (#19 of 21 firms). Accuracy ranking →

Wells Fargo on Microsoft

Wells Fargo price targets on Microsoft

7 calls from July 31, 2025 to October 29, 2026. The target went from $650 to $750 (+15%). The rating stayed Buy.

Wells Fargo targetMSFT share price
  1. October 29, 2026 This noteTarget raised from $700 (+7%)Buy$750
  2. August 12, 2026Target raised from $650 (+8%)Buy$700
  3. July 30, 2026Target raised from $625 (+4%)Buy$650
  4. July 15, 2026Target cut from $650 (−4%)Buy$625
  5. June 2, 2026Target raised from $625 (+4%)Buy$650
  6. April 30, 2026Target cut from $650 (−4%)Buy$625
  7. July 31, 2025Earliest call shownBuy$650
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Other analysts on Microsoft

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 GuggenheimBuy Raised price target +2%, kept rating Oct 29 $595from $586 Bank of AmericaBuy Raised price target +5%, kept rating Oct 29 $630from $600
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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.