Piper Sandler raised its price target for Microsoft Corporation to $610. Its previous target was $550. The firm maintained its Overweight rating. The revision applies to Microsoft's shares across exchanges, including the Toronto Stock Exchange.
The analyst cited growing optimism about monetizing Microsoft's commercial cloud and AI products. The new E7 subscription package and a shift to usage-based pricing for AI tools such as Copilot are expected to drive future revenue growth.