By Catherine Talavera
Publication Date: 2026-05-01 14:34:00
Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Best AI Stocks to Watch in May. On April 30, TheFly reported that Benchmark analyst Yi Fu Lee raised the company’s price target on Microsoft to $525 from $450 while maintaining a Buy rating on the shares, following Microsoft’s announcement of its fiscal year 2026 third-quarter financial performance.
Image by Tawanda Razika from Pixabay
On April 29, Microsoft reported an 18% rise in revenue to $82.9 billion for the quarter ended March 31, 2026. Additionally, the company registered a 23% jump in its net income for the period to $31.8 billion.
“We are focused on delivering cloud and AI infrastructure and solutions that empower every business to eval-max their outcomes in the agentic computing era. Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year,” Microsoft Chairman and Chief Executive Officer Satya Nadella said.
Microsoft reported 17% revenue growth in its…
