TECH - Wedbush Analyst Dan Ives Raises Microsoft's Price Target To $550: 'Tidal Wave Of Copilot And Azure Monetization Now On The Doorstep' For Redmond | Benzinga
Wedbush Securities analyst Dan Ives has raised the price target for Microsoft Corp (NASDAQ:MSFT) from $500 to $550, citing positive AI customer feedback and the increasing monetization of Copilot and Azure.
What Happened: Ives took to X to announce the price target increase on Sunday. The analyst highlighted the growing interest in Microsoft’s AI offerings and the imminent monetization of Azure, a cloud computing service, as the primary reasons for the bullish outlook.
“We are raising our price target on Microsoft from $500 to $550 reflecting incrementally bullish recent AI customer checks with a tidal wave of Copilot and Azure monetization now on the doorstep for MSFT. We have seen AI deal conversions for the enterprise accelerating,” Ives wrote.
We are raising our price target on Microsoft from ...