Microsoft Corp. (NASDAQ:MSFT), a frontrunner in the AI revolution, is poised for further momentum ahead, according to Wedbush analyst Daniel Ives.
The Microsoft Analyst: Ives maintained an Outperform rating on Microsoft shares and raised the price target from $475 to $500. He highlighted that the stock remains on Wedbush’s “Best Ideas List.” The new price target suggests a potential upside of approximately 19% from current levels.
The Microsoft Thesis: The upward revision of the price target followed recent incrementally bullish AI customer checks with “transformative” Copilot monetization, Ives explained. This development is starting to manifest across various customers and verticals.
“We strongly view this as Microsoft’s ‘iPhone Moment’ with AI set to change the cloud growth trajectory in Redmond the next few years and our recent checks giving further confidence in this dynamic,” he ...