Microsoft price target raised to $310 from $305 at BMO Capital

BMO Capital raised the firm’s price target on Microsoft to $310 from $305 and keeps a Market Perform rating on the shares. The company’s generative AI technology creates a meaningful catalyst for its Search growth – about 6% of total revenues – but less so for LinkedIn, the analyst tells investors in a research note. The firm adds that Microsoft’s current valuation is reasonable on a Enterprise Value to Cash Flow and price to earnings basis, but not inexpensive, noting that for the stock to move higher, its estimates also need to move higher, particularly for Azure.