UBS raises Microsoft stock price target, reiterates Buy rating By Investing.com
On Thursday, UBS analysts increased the price target on Microsoft Corporation (NASDAQ:) shares to $525.00, up from the previous target of $500.00, while reaffirming a Buy rating on the stock. The adjustment reflects expectations of growth in Microsoft’s Azure services.
The firm’s commentary highlighted several key points influencing the decision. Firstly, the new capacity for Azure is expected to roll out during the second half of the year, leading to a prediction of Azure’s growth being more significant towards the latter part. Consequently, the third-quarter growth estimate for Azure has been slightly reduced to 34.0% from 35.6%.
The analysts also addressed the CEO’s remarks about an “AI winter,” expressing confidence in Microsoft’s…
