Analysts at TD Cowen have repeatedly made Microsoft’s (MSFT) stock as a “buy” and raised the stock price forecast from $490 to $540. According to analyst Derrick Wood, the annual recurring revenue for Azure AI, a suite of cloud-based AI services, could increase from $4 billion in 2024 to about $24 billion in 2026. “The leap has ‘solid room’ and said it would benefit parent company Microsoft.
“AI revenue is rapidly building on the contributions of the Azure model, particularly Openai, so we believe this will put a strong pressure on Azure’s total growth,” Wood said in a memo. “I think that back to Azure’s upside down trend, robust growth at the 30% medium-term level should help drive a stronger narrative around Azure. As AI continues to be a source of revenue growth for Microsoft, MSFT stocks could rise as new developments occur on Windows developers in the AI space.
Microsoft (MSFT) executives are beginning to become important too Stock salesraises millions from stocks in tech giants. In recent trading, Microsoft’s executive vice president Judson Althoff sold 16,000 shares for around $458 each, making an impressive total of $7.3 million. The move adjusted his holdings to 98,010 shares. Similarly, EVP Kathleen Hogan sold 21,500 shares at a price of $454 each, accumulating $9.8 million while maintaining 134,887 shares.
Wall Street is bullish at Microsoft (MSFT), as evidenced by its one-year price target from 49 analysts. The average target is set at $505.25, with forecasts ranging from $423.00 to $650.00. Microsoft’s current stock price is $450.18, suggesting an average price target of 12.23%.
Alternatively, CNN analysts suggest that MSFT is likely to perform neutrality along market averages for the next 12 months. They also suggest that MSFT could reach a high of $650.00 over the next 12 months. Additionally, 92% of the 63 analysts surveyed by the platform suggested buying Microsoft stock.
