By Moz Farooque ACCA
Publication Date: 2026-08-13 18:42:00
This article first appeared on GuruFocus.
Microsoft (NASDAQ:MSFT) is winning a more bullish call from JPMorgan (NYSE:JPM) as accelerating Azure growth and expanding Copilot adoption strengthen the case that its massive AI infrastructure buildout is beginning to translate into higher-value software revenue. Analyst Samik Chatterjee raised his December 2027 price target to $625 from $550 while keeping an Overweight rating, pointing to potential acceleration across both Azure and Microsoft 365 Commercial Cloud.
Chatterjee sees Microsoft benefiting twice from AI spending. Azure sells computing capacity to enterprises and AI companies, while Microsoft’s own products, including Copilot, act as internal customers for that same infrastructure. That creates an opportunity to monetize expensive AI capacity through higher-margin software.
The upside could be substantial. Chatterjee said Copilot could ultimately add between $24 billion and $41 billion…
