Stifel Raises Microsoft (MSFT) Price Target, Keeps Hold Rating

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Best American Tech Stocks to Buy. On April 30, Stifel increased its price target on Microsoft Corporation (NASDAQ:MSFT) from $392 to $415 and kept its Hold rating on the stock.

The research firm pointed to Microsoft Corporation’s (NASDAQ:MSFT) latest quarterly results, which showed Azure revenue coming in about 100 basis points higher than expected. The company added 5 million Copilot Microsoft 365 users compared to the previous quarter and reported slightly better profit levels than expected.

Microsoft Headquarters

Microsoft Corporation’s (NASDAQ:MSFT) management said they expected Azure growth to accelerate in the fourth quarter and suggested this momentum will continue into the first half of fiscal year 2027. The company also gave early guidance for fiscal year 2027, which included capital expenditures of $190 billion for calendar year 2026.

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