Microsoft Corporation shares rallied out of the gate Wednesday following the release of its quarterly results. Microsoft Analysts Stifel analyst Brad Reback maintained a Buy rating and increased the price target from $325 to $380. Bank of America (BofA) Securities Brad Sills reiterated a Buy rating and hiked the price target from $340 to $365. Wedbush analyst Daniel Ives maintained an Outperform rating and $375 price target, with the bull case price target at $415. Piper Sandler analyst Brent Bracelin maintained an Overweight rating and lifted the price target from $310 to $352. Rosenblatt Securities Blair Abernethy maintained a Buy rating and $349 price target. Credit Suisse analyst Stephen Ju maintained an Outperform rating and raised the price target from $320 to $340 price target. Microsoft Theses Microsoft’s Broad-Based Strength Appears Sustainable, Stifel Says Microsoft reported another strong quarter, topping estimates across the board, with Commercial Cloud outperforming and Windows also …
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