Microsoft price target raised to $460 from $455 at Macquarie
The Fly

Microsoft price target raised to $460 from $455 at Macquarie

Macquarie analyst Frederick Havemeyer raised the firm’s price target on Microsoft to $460 from $455 and keeps an Outperform rating on the shares following what the firm describes as “a well-balanced beat” in fiscal Q3. The firm estimates Azure AI Services crossed $4B in run-rate revenue, likes signs that Copilot testing and adoption are progressing, and tells investors that key growth drivers, especially Azure and Gaming, continue to perform well.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App