Truist analyst Joel Fishbein raised the firm’s price target on Microsoft (MSFT) to $650 from $600 and keeps a Buy rating on the shares. The company delivered impressive results in their Q4 earnings report, as momentum continues to build in Azure growth as the segment accelerated 600bps sequentially, the analyst tells investors in a research note. The management also called out strength in migrations as well as continued expansion of AI workloads driving the segment, Truist added.
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