After Microsoft’s big fall following its earnings report last week, Piper Sandler is naming the stock as a top pick in software. Despite posting an earnings and revenue beat , Microsoft shares tumbled nearly 10% Thursday after investors were concerned by slowing growth in its Azure platform and other cloud services offerings. Piper Sandler, though, thinks investors are overreacting and Microsoft is still a big winner in the AI trade. “We see Microsoft as perhaps the best pure-play on AI adoption today,” wrote analyst Billy Fitzsimmons in a Monday note. “Respondents to our 2H25 CIO survey were incrementally positive on both Azure and Copilot activity. We should be buyers on the pullback post-F2Q26 results.” The shares were down another 2.6% on Tuesday despite the bullish Piper call. MSFT 5D mountain MSFT five-day chart The investment firm has an overweight rating on Microsoft shares and a price target of $600, implying more than 41% upside from Monday’s close. Fitzsimmons wrote that…
By Taylor Soper Publication Date: 2025-12-02 00:37:00 Scott Torrey. (Smartsheet Photo) — Smartsheet’s C-suite shuffle continues with the hiring of Scott…