Bernstein Microsoft · MSFT

Bernstein Raises Microsoft Price Target to $722

Analyst: Mark Moerdler 1 min read Reproduced verbatim
Rating
Outperform
Target
$722
from $662 (+9%)
Upside
+36%
MSFT at $531 today
Bernstein and Microsoft logos

What the analyst said

Bernstein SocGen Group analyst Mark Moerdler raised the price target on Microsoft (NASDAQ: MSFT) to $722 (from $662) while maintaining an Outperform rating.

“In our preview note we dreamed of a scenario where Azure could accelerate into high 40’s and M365 Commercial Cloud growing close to 20%.

While we were not fully sure on the timing, Microsoft gave us the answer this quarter, beating on every major metric and delivering both Azure (48% CC and guiding for 49-50% next quarter) and Office acceleration and guiding to further acceleration next quarter.

Given the strong results and solid guidance, stock was up 3% in the aftermarket.While the results were solid we believe the lower than expected CAPEX and delays in capacity this quarter and for H2 created some unwarranted noise.

Timing of capacity adds are open to numerous factors and while it would have been nice to see that additional capacity driving an even bigger Azure beat and faster growth next quarter the company is executing extremely well, especially on driving efficiencies across Azure which allowed them to beat this quarter and guide to 49-50% growth next quarter even considering the delay.

These efficiencies will deliver dividends for years in margins and performance”

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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 $722 target is 15% above 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 recordBernstein: 80% of its 20 targets at least a year old were reached within 12 months (#16 of 21 firms). Accuracy ranking →

Bernstein on Microsoft

Bernstein price targets on Microsoft

5 calls from April 30, 2026 to October 29, 2026. The target went from $646 to $722 (+12%). The rating stayed Buy.

Bernstein targetMSFT share price
  1. October 29, 2026 This noteTarget raised from $662 (+9%)Buy$722
  2. October 19, 2026Target raised from $660 (0%)Buy$662
  3. August 10, 2026Target raised from $647 (+2%)Buy$660
  4. July 30, 2026Target raised from $646 (0%)Buy$647
  5. April 30, 2026Earliest call shownBuy$646
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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 Wells FargoBuy Raised price target +3%, kept rating Oct 29 $750from $725
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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.