Microsoft price target raised to $455 from $440 at Macquarie

Macquarie raised the firm’s price target on Microsoft to $455 from $440 and keeps an Outperform rating on the shares. The company reported fiscal Q2 with top-line upside across all segments and powered by Azure, the analyst tells investors in a research note. The firm says Azure artificial intelligence is now a $3B-plus run-rate business, exceeding expectations, while Copilot adoption is “tracking nicely.” Microsoft remains Macquarie’s top generative artificial intelligence pick “with a diversified tech portfolio and best-in-class execution.”