Microsoft Just Ripped 28% in a Month. What Would It Take to Get MSFT Stock Up to $600?

Microsoft (NASDAQ:MSFT | MSFT Price Prediction) stock was up 28% over the past month to $490.39, while the State Street Technology Select Sector SPDR ETF (NYSEARCA:XLK) has gained just 3% over the past month to $181.43. For insightful investors, the gap is the entire story: Microsoft ripped, and the rest of technology barely moved.

Yet, Microsoft stock was down 3% over the past year through Monday’s close, so this month’s move looks more like a re-rating than a melt-up. The Wall Street consensus price target on MSFT stock sits at $569.45, and the 52-week high is $549.2, which means $600 would push Microsoft shares into territory it hasn’t touched during the past year.

Analyst positioning is unusually clean, with 14 strong buy, 40 buy, 3 hold, and zero sell ratings on Microsoft stock. Forward EPS sits at $19.97, which anchors the valuation conversation as revenue and margins scale into next fiscal…