Microsoft price target raised by $15 at BofA, here’s why

BofA raised the firm’s price target on Microsoft to $430 from $415 and keeps a Buy rating on the shares. The firm came away from meetings with Microsoft segments CFOs with higher conviction on the durability of growth in the core Office and Azure growth franchises. BofA believes that there is potential for commercial office to accelerate from the current mid-teens growth level in the coming quarters from the gradual contribution from the new M365 copilot.