Stifel upgrades Microsoft to 'buy' on sustained growth
MSFT•Stifel raises Microsoft rating and price target
Stifel upgrades rating on Microsoft MSFT.O to buy from hold.
- Raises PT to $575 from $530, representing an 15.4% upside to the stock's last close.
- MSFT shares marginally up in premarket trading at $502.5.
- Brokerage says MSFT has turned a corner and expects the stock’s recent momentum to continue, supported by stronger Azure growth, improving efficiency in AI development, and rising OpenAI-related revenue.
- “For Microsoft 365, product improvements should enable sustained strong Copilot adoption and, when combined with growing GitHub consumption, we believe this should support mid/upper teens growth,” Stifel says.
- 57 of 60 brokerages rate the stock buy or higher, 3 hold; their median PT is $557.5 - LSEG-compiled data.
- As of last close, stock up ~3% YTD.
