Deutsche Bank Microsoft · MSFT

Deutsche Bank Reaffirms Buy on Microsoft, $600 Price Target

Analyst: Brad Zelnick 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$600
Unchanged
Upside
+13%
MSFT at $531 today
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What the analyst said

Deutsche Bank analyst Brad Zelnick reiterated a Buy rating and $600 price target on Microsoft (NASDAQ: MSFT)

“Microsoft reported another solid set of results in F1Q, with strong topline outperformance and continued evidence that the dual engines of Azure and M365 Commercial Cloud are sustaining an increasingly durable growth trajectory.

Revenue growth accelerated to 19% y/y @cc, with Azure +48% @cc vs. +44-45% guidance and M365 Commercial Cloud +18% @cc (19% adj.) vs. +17% guidance.

With AI adoption and monetization broadening across the stack, and operating leverage offsetting the elevated investment required to capitalize on outsized demand, we see further support for our positive view on the stock and reiterate our Buy rating.”

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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 $600 target is 5% below the median.

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

Track record

This callOpen: MSFT has not reached $600 yet. This 12-month target is scored on October 12, 2027. Same target as this firm’s October 12, 2026 note, so it is scored there.

Firm track recordDeutsche Bank: 90% of its 20 targets at least a year old were reached within 12 months (#5 of 21 firms). Accuracy ranking →

Deutsche Bank on Microsoft

Deutsche Bank price targets on Microsoft

3 calls from July 20, 2026 to October 29, 2026. The target went from $550 to $600 (+9%). The rating stayed Buy.

Deutsche Bank targetMSFT share price
  1. October 29, 2026 This noteUpgraded to Buy, kept the $600 targetBuy$600
  2. October 12, 2026Downgraded to Hold, target raised from $550 (+9%)Hold$600
  3. July 20, 2026Earliest call shownBuy$550
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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.