Stifel Raises Microsoft (MSFT) Price Target, Keeps Hold Rating

Stifel has increased its price target for Microsoft (MSFT) from $392 to $415 while maintaining a Hold rating on the stock. This adjustment follows Microsoft’s recent quarterly results, which showed better-than-expected Azure revenue and profit levels, along with an increase in Copilot Microsoft 365 users. Despite positive guidance for Azure growth and double-digit operating income growth, Stifel noted investor caution due to capital expenditure growth outpacing commercial cloud growth significantly.

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