KeyBanc Microsoft · MSFT

KeyBanc Raises Microsoft Price Target to $630

Analyst: Jackson Ader 1 min read Reproduced verbatim
Rating
Overweight
Target
$630
from $600 (+5%)
Upside
+19%
MSFT at $531 today
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What the analyst said

KeyBanc analyst Jackson Ader raised the price target on Microsoft (NASDAQ: MSFT) to $630 (from $600) while maintaining an Overweight rating.

“The three key areas that we are focused on all showed meaningful upside, and the momentum in those areas is expected to continue for the remainder of the year.

Azure is set to top 50% growth at a $125B+ run-rate, the Copilot business is driving acceleration in the M365 line, and capex is shifting around but at least is holding steady in terms of the dollars needed to fund this growth.

Not to mention GAAP EBIT margins continue to benefit from operating expense moderation and a better pricing environment for the major businesses; we are raising our estimates and price target to $630.”

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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 $630 target is in line with the median.

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 recordKeyBanc: 88% of its 16 targets at least a year old were reached within 12 months (#8 of 21 firms). Accuracy ranking →

KeyBanc on Microsoft

KeyBanc price targets on Microsoft

5 calls from April 17, 2025 to October 29, 2026. The target is back at $630, after moving between $600 and $630. The rating moved from Hold to Buy.

KeyBanc targetMSFT share price
  1. October 29, 2026 This noteTarget raised from $600 (+5%)Buy$630
  2. May 5, 2026Target cut from $630 (−5%)Buy$600
  3. November 20, 2025Kept the $630 targetBuy$630
  4. July 31, 2025Upgraded to Buy, set a $630 targetBuy$630
  5. April 17, 2025Earliest call shownHoldNo target
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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.