Microsoft price target raised to $560 from $550 at Rothschild & Co Redburn

Rothschild & Co Redburn raised the firm’s price target on Microsoft (MSFT) to $560 from $550 and keeps a Buy rating on the shares. The firm views the stock setup into the fiscal Q1 report as “strong.” Expectations are low and investor sentiment around Microsoft’s generative artificial intelligence position remains “overly skeptical,” the analyst tells investors in a research note. Rothschild expects Azure growth to be “comfortably above” 40% in Q1, with further acceleration into Q2.