Microsoft Stock Rockets Higher as Analysts Raise Price Targets on AI-Fueled Growth
Key Takeaways
- Microsoft shares rallied Thursday after the company’s quarterly results beat Wall Street’s expectations.
- Several analysts raised their price targets for the stock and Morgan Stanley called it one of the company’s strongest quarters in recent memory.
- Microsoft reiterated its plan to spend $80 billion on infrastructure in fiscal 2025.
Microsoft (MSFT) shares surged Thursday after the company posted what Morgan Stanley called “one of their strongest quarters in recent memory,” on growth fueled by demand for cloud computing and AI.
Microsoft shares were up nearly 9% in recent trading to about $430, pushing them into positive territory for 2025.
Morgan Stanley raised its price target to $482 from $472 following the…
