Latest news with #Microsoft360
Globe and Mail
24-05-2025
- Business
- Globe and Mail
Microsoft Stock (MSFT) Gets a Price Target Hike from Top Analyst as It Goes ‘All In on AI'
Microsoft (MSFT) stock received a boost from Evercore ISI price target hike. Top analyst Kirk Materne of Evercore ISI lifted the price target on MSFT stock to $515 from $500 yesterday, while maintaining his Buy rating. The revised price target implies a 13.22% upside potential from current levels. Materne, who ranks 380 out of more than 9,558 analysts tracked by TipRanks, has a success rate of 64% and delivers an average return per rating of 11.60% over a one-year timeframe. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The price hike followed Evercore ISI's recent Microsoft 360 event, which included discussions with Microsoft leaders and partners. Materne said he remains confident in Microsoft's AI push, highlighting strong demand and the company's clear focus on enterprise AI. Why Materne Is Bullish on Microsoft Materne sees Microsoft as just beginning to tap into the potential of enterprise AI. He believes the company is well placed to grow both through its software tools—like Copilot—and through its cloud platform, Azure. He also noted that Microsoft's wide range of products is helping it reach new spending areas outside traditional IT, such as sales and supply chain operations. He stressed that Microsoft is 'all in on AI,' investing heavily to meet strong demand while also focusing on efficiency. Among Microsoft's AI tools, GitHub Copilot and Copilot for Teams are gaining the most attention. Materne also highlighted that offering Copilot Chat for free is speeding up user adoption, which could give Microsoft an edge in the AI race. He added that Microsoft's identity and security tools are a key part of its AI strategy and help it stand out from other large tech firms. Finally, Materne noted that demand for Azure remains strong, not just for AI but also in other areas. As a result, he slightly raised his FY26 estimates. He believes Microsoft's AI business could grow into a $110 billion opportunity by 2028. With steady growth and a strong balance sheet, he continues to view Microsoft as a reliable long-term investment and reiterated his Buy rating. Is MSFT a Good Stock to Buy? Wall Street remains impressed by Microsoft's growth potential. According to recent data, 35 analysts have weighed in on MSFT over the past three months, and the verdict is a Strong Buy. Out of those, 30 have issued Buy ratings, with zero Sell calls in sight. The average MSFT stock price target now stands at $512.34, which suggests a 12.64% upside from its current price of $454.86. See more MSFT analyst ratings
Yahoo
23-05-2025
- Business
- Yahoo
Why Evercore Is Even More Bullish on Microsoft (MSFT) After Its 360 Event
We recently published a list of . In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other best AI stocks on latest news and ratings. Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On May 22, Evercore ISI Group reaffirmed its 'Outperform' rating on the stock and raised its price target from $500.00 to $515.00. Analyst Kirk Materne's rating update follows the firm's annual Microsoft 360 event featuring virtual panels with Microsoft customers and partners, and in-person meetings with Microsoft's President of the Americas, Deb Cupp, and the Investor Relations team. manaemedia / Partner and customer conversations highlighted an 'upbeat tone' which supports a bullish long-term view of Microsoft's ability to benefit from AI adoption in the enterprise market. Azure's infrastructure and application capabilities allow Microsoft to leverage the growing AI demand. Moreover, customers are still interested in spending on artificial intelligence despite the uncertain macroeconomic backdrop, reflecting priority in organizational strategies. Feedback from partners further reveals that key products driving Microsoft's AI adoption include GitHub Copilot and Copilot for Teams, and that the decision to offer Copilot Chat free is seen as a catalyst for faster adoption. The analyst further added that Microsoft remains an 'all weather' stock due to its sturdy double-digit growth profile and fortress-like balance sheet. Overall, MSFT ranks 1st on our list of best AI stocks on latest news and ratings. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23-05-2025
- Business
- Yahoo
Top Analyst Lifts Microsoft Price Target to $515, Says 'All In on AI'
May 23 - Evercore analyst Kirk Materne raised his price target to $515 from $500 and kept a Buy rating for Microsoft (NASDAQ:MSFT). The new target suggests about a 13% upside from current levels. The upgrade followed Evercore's recent Microsoft 360 event, where company leaders and partners discussed strategic priorities. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Materne said Microsoft is all in on AI, pointing to strong enterprise demand and its dual engines: Copilot productivity tools and Azure cloud services. He noted that only around 20% of IT workloads are in the cloud today, a figure that could rise toward 80%. He highlighted GitHub Copilot and Copilot for Teams as key adoption drivers, and said free access to Copilot Chat may accelerate user growth. Materne slightly lifted his fiscal year 2026 estimates, citing robust Azure demand beyond AI. He projects Microsoft's AI business could reach $110 billion by 2028 and reiterated his Buy recommendation. Based on the one year price targets offered by 49 analysts, the average target price for Microsoft Corp is $505.25 with a high estimate of $650.00 and a low estimate of $423.00. The average target implies a upside of +11.08% from the current price of $454.86. Based on GuruFocus estimates, the estimated GF Value for Microsoft Corp in one year is $500.36, suggesting a upside of +10.00% from the current price of $454.86. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Top Analyst Lifts Microsoft Price Target to $515, Says 'All In on AI'
May 23 - Evercore analyst Kirk Materne raised his price target to $515 from $500 and kept a Buy rating for Microsoft (NASDAQ:MSFT). The new target suggests about a 13% upside from current levels. The upgrade followed Evercore's recent Microsoft 360 event, where company leaders and partners discussed strategic priorities. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Materne said Microsoft is all in on AI, pointing to strong enterprise demand and its dual engines: Copilot productivity tools and Azure cloud services. He noted that only around 20% of IT workloads are in the cloud today, a figure that could rise toward 80%. He highlighted GitHub Copilot and Copilot for Teams as key adoption drivers, and said free access to Copilot Chat may accelerate user growth. Materne slightly lifted his fiscal year 2026 estimates, citing robust Azure demand beyond AI. He projects Microsoft's AI business could reach $110 billion by 2028 and reiterated his Buy recommendation. Based on the one year price targets offered by 49 analysts, the average target price for Microsoft Corp is $505.25 with a high estimate of $650.00 and a low estimate of $423.00. The average target implies a upside of +11.08% from the current price of $454.86. Based on GuruFocus estimates, the estimated GF Value for Microsoft Corp in one year is $500.36, suggesting a upside of +10.00% from the current price of $454.86. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
