As Microsoft Corp. (NASDAQ: MSFT) stock has regained a bullish outlook since late July 2026, Patrick Walravens, a Wall Street analyst at Citizens, expects another rally towards its all-time high (ATH) over the next 12 months.

Walravens reiterated a ‘market outperform’ rating for Microsoft stock, according to a note sent to clients on August 31. This analyst also maintained the firm’s 12-month price target for MSFT at $550.

With MSFT stock trading at $510.73 on Monday, Walravens signals a potential 7.69% upside. He set a cautiously positive sentiment for Microsoft due to revenue-sharing negotiations with Moonshot’s K3, a 2.8-trillion-parameter open-weight Artificial Intelligence (AI) model.

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