Microsoft price target raised to $325 from $310 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Microsoft to $325 from $310 and keeps a Market Perform rating on the shares. The analyst is positive on the company’s Azure optimization trends as well as the potential impact of Generative AI. BMO adds however that the upcoming results will show a "tricky quarter" for Microsoft, particularly balancing near-term ongoing Azure deceleration vs. longer-term Azure generative AI potential.