RBC Capital Microsoft · MSFT

RBC Capital Reaffirms Outperform on Microsoft, $640 Price Target

Analyst: Rishi Jaluria 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$640
Unchanged
Upside
+22%
MSFT at $525 today

13th-highest of 28 current targets on Microsoft, 2% above the $630 median. RBC Capital has reached 55% of its year-old targets (20 scored).

RBC Capital and Microsoft logos

What the analyst said

RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $640 price target on Microsoft (NASDAQ: MSFT).

“Ignite Conference Preview: Highlighting Full Stack AI; Next week, Microsoft hosts its annual Ignite conference, the company’s premier partner and customer event. Coming off a strong F1Q27 highlighted by Azure accelerating 5pts QoQ to 48% cc and encouraging Copilot/E7 momentum, we expect Ignite to showcase Microsoft’s deepening vertical integration across AI infrastructure, applications, and security.

While we do not view the conference as a meaningful near-term catalyst for shares, we believe announcements could reinforce our thesis that Microsoft is a differentiated AI beneficiary across the full stack.”

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Where the price stands

MSFT trades at $525. The 28 analysts who set a target in the last 3 months range from $515 to $750, with a median of $630. This $640 target is 2% above the median.

Since the note MSFT has moved −4% (from $545). 12-month window: day 2 of 365, closes on November 10, 2027.

Track record

This callOpen: MSFT has not reached $640 yet. This 12-month target is scored on November 10, 2027.

Firm track recordRBC Capital: 55% of its 20 targets at least a year old were reached within 12 months (#26 of 26 firms). Accuracy ranking →

RBC Capital on Microsoft

RBC Capital price targets on Microsoft

3 calls from May 21, 2026 to November 10, 2026. The target stayed at $640. The rating stayed Buy.

RBC Capital targetMSFT share price
  1. November 10, 2026 This noteKept the $640 targetBuy$640
  2. September 10, 2026Kept the $640 targetBuy$640
  3. May 21, 2026Earliest call shownBuy$640
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Other analysts on Microsoft

BairdBuy Raised price target +20%, kept ratingRaised target Oct 30 $600from $500+20% ArgusBuy Kept ratingReiterated Oct 30 UBSBuy Raised price target +4%, kept ratingRaised target Oct 29 $700from $675+4% TD CowenBuy Raised price target +4%, kept ratingRaised target Oct 29 $650from $625+4% CantorBuy Raised price target +4%, kept ratingRaised target Oct 29 $630from $608+4%
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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.