Jefferies analyst Brent Thill maintained a Buy rating on Microsoft today and set a price target of $600.00.
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Brent Thill has given his Buy rating due to a combination of factors that highlight Microsoft’s strong growth potential. A survey of 40 decision-makers from large enterprises indicates a positive outlook for Microsoft’s M365 Copilot, with expectations of generating over $11 billion in revenue by 2026. The adoption rate among enterprises has increased significantly, with deployment doubling to 33%, suggesting a robust demand for Microsoft’s offerings.
Additionally, Copilot is driving increased spending on Azure and Security, with Azure being the preferred choice for cloud migrations. Although security remains a significant adoption challenge, 80% of respondents anticipate an increase in Microsoft’s IT budget by 2026. These factors position Microsoft as a leading player in the AI space, supporting a price target of $600.
In another report released on July 10, Piper Sandler also maintained a Buy rating on the stock with a $600.00 price target.