By Vandita Jadeja
Publication Date: 2026-08-26 17:00:00
Quick Read
MSFT crossed $100 billion in Azure revenue (up 41%) during its biggest fiscal year ever, yet shares have gained barely 2% in 2025.
EPS compounding at 32% annually makes MSFT’s 25x forward multiple look cheap, with our five-year model projecting $650 crossed well before 2028.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn’t make the cut. Grab the names FREE today.
Microsoft (NASDAQ:MSFT) just closed the biggest fiscal year in its history. Annual revenue crossed $331 billion, up 18%, and Azure alone surpassed $100 billion, up 41%. Yet shares sit at $491.71, essentially flat on the year, with a YTD gain of just 2.32%. That is the disconnect.
The question I want to answer: can MSFT actually reach $650, and if so, when?
Why Microsoft Shares Have Lagged the AI Story
The lag comes down to the bill, not the…



