Evercore Maintains Microsoft (MSFT) Price Target, Bullish on AI Commercialization

Microsoft Corporation (NASDAQ:MSFT) ranks among the best fundamental stocks to buy right now. Despite its recent decline, Evercore ISI analysts maintained their Outperform rating and $625 target price for Microsoft Corporation (NASDAQ:MSFT) on September 8. The analysts believes the stock is still well-positioned for long-term growth.

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Citing discussions with investors and Microsoft’s investor relations team, Evercore analysts stated, “On a fundamental basis, we don’t see much to justify the recent underperformance.”

The need for generative AI workloads and steady enterprise trends, the firm states, drove Azure cloud’s 39% growth in the most recent quarter. With that in mind, the mid-30% increase in fiscal 2026 seems feasible.

According to Evercore, Microsoft’s bullish outlook is supported by its capacity to commercialize AI across the infrastructure and application layers over the course of the next three to five years.

Microsoft Corporation (NASDAQ:MSFT) is a leading technology company known for its core software products, which include the Windows OS, Microsoft 365 suite, and Edge browser. Its product portfolio includes corporate software, software development tools, video games, gaming gear, and cloud services.

While we acknowledge the potential of MSFT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.