Oppenheimer analyst raises Microsoft stock price target following in-person meeting with management
On September 22, Oppenheimer analyst Brian Schwartz raised his price target for Microsoft (MSFT) to $570 from $515 after visiting the company's headquarters. The new target implies a potential 14% upside and reflects confidence in Microsoft’s cloud growth trajectory driven by its AI platform adoption. Schwartz noted that management appeared upbeat, highlighting fresh agentic features—AI tools capable of executing multi-step tasks—and strong customer demand during their meeting. He expects Azure to grow around 46% at constant currency this quarter with potential for a jump to nearly 50% in the following period. This growth would exceed Microsoft’s own guidance and signals robust momentum. The analyst emphasized that companies are increasingly standardizing on Microsoft as their primary enterprise AI platform, which enhances customer stickiness due to integrated workflows and data systems. As an investor, this trend supports long-term revenue stability for Microsoft.
Tickers: $MSFT
Topics: AI spending cloud growth Microsoft stock price target