Barclays Raises Microsoft (MSFT) Price Target on Strong Software Outlook

Microsoft Corporation (NASDAQ:MSFT) is one of the AI Stocks Analysts Are Tracking CloselyOn July 21, Barclays analyst Raimo Lenschow raised the firm’s price target on the stock to $550 from $494 and kept an “Overweight” rating on the shares.

The rating affirmation follows a positive outlook on software earnings as Microsoft heads into second-quarter results. It believes the setup for on-cycle reporting software names is positive. April did have some levels of uncertainty, but May channel checks and those of June have been much stronger, as noted by the analysts.

Consequently, the firm anticipates solid Q2 prints and a chance for an increase in guidance.

A software engineer with headset typing at a computer terminal, surrounded by multiple monitors.

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.

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