Wedbush Raises Microsoft Corporation (MSFT)’s Price Target to $600 on Azure, Copilot Potential

Microsoft Corporation (NASDAQ:MSFT) is among the 13 Best Big Name Stocks to Buy Now. On June 25, Wedbush hiked its price target for the stock to $600 from $515, while maintaining an Outperform rating for its shares.

Wedbush Raises Microsoft Corporation (MSFT)'s Price Target to $600 on Azure, Copilot Potential

A development team working together to create the next version of Windows.

The analysts cited a ‘massive adoption wave’ for Copilot and Azure as the reason behind the revision. They estimate the two offerings could add about $25 billion in revenue for Microsoft Corporation (NASDAQ:MSFT) by fiscal 2026.

The adjustment follows recent field checks by Wedbush, which indicate accelerating customer demand and improved deal conversion for AI deployment across the industry. Here’s what Dan Ives wrote in an analyst note on Wednesday:

“Based on our recent work in the field we believe the next 3 years over 70% of its MSFT installed base will ultimately be on this AI functionality for the enterprise/commercial.”

Ives described this as a ‘shining moment’ for Microsoft Corporation (NASDAQ:MSFT) and noted that the market was underestimating the full extent of the company’s AI and cloud monetization opportunity.

During the week, analysts from Wells Fargo and Morgan Stanley also lifted their price targets for Microsoft Corporation (NASDAQ:MSFT) to $585 and $530, respectively, while reiterating their Overweight ratings for its shares.

While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy and Buffett Stock Portfolio: Top 10 Stock Picks for 2025.

Disclosure: None.