Oppenheimer raises Microsoft's MSFT.O price target to $570 from $515, representing a ~14% upside to the stock's last close.
The brokerage said Azure cloud platform and the 365 commercial productivity suite should sustain acceleration in FY27, driven by Copilot monetization, additional compute capacity and enterprise AI platform adoption.
It highlighted a positive FY27 free cash flow outlook and more predictable capital expenditure, contrasting Microsoft favorably with some hyperscaler peers.
The average rating of 60 analysts is "buy"; their median price target is $557.50 - data compiled by LSEG.
Up to the last close, the stock has risen ~4% this year.