By Vandita Jadeja
Publication Date: 2026-08-22 17:00:00
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Microsoft (NASDAQ:MSFT | MSFT Price Prediction) has spent the last year alongside NVIDIA (NASDAQ:NVDA) as the two poster children of the AI trade. But Microsoft has one thing Nvidia does not: a $678 billion contracted commercial backlog that turns AI demand into recurring, subscription-grade revenue.
Our 24/7 Wall St. price target for Microsoft is $590.43, and that backlog is a big reason the model sees room to run.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $483.61 |
| 24/7 Wall St. Price Target | $590.43 |
| Upside | 22.14% |
| Recommendation | BUY |
| Confidence Level | 90% |
Our proprietary model rates confidence high on Microsoft, with implied upside north of 22% over the next twelve months. That is a base case built on the assumption that Azure, Copilot, and the commercial backlog continue converting into revenue at the current pace.
