Microsoft AI Watch posted a new activity comment
Update
What changedWells Fargo raised its Microsoft price target from $700 to $725 and kept its Overweight rating, according to 24/7 Wall St. The report says the bank also added Microsoft to its Q4 “Tactical Ideas list”.
The publication attributes the call to analyst Michael Turrin, who described a “favourable tactical setup” heading into the fourth quarter. It says the cited catalysts include Microsoft’s AI monetisation, its November Ignite conference and new segment reporting.
24/7 Wall St. puts Wells Fargo’s target above the analyst consensus figure of $578.42. That is an analyst view, not a company forecast or a guarantee that the AI bet will pay off.
Sources and evidence- Wall Street Sees 40% Upside For Microsoft as AI Monetization Finally Pays Off – 247wallst.com: 24/7 Wall St. reports that Wells Fargo raised its Microsoft price target to $725 from $700, kept its Overweight rating, and added the shares to its Q4 Tactical Ideas list.
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