By Jim Cramer
Publication Date: 2026-10-05 18:39:00
When a longtime holdout on a stock changes his tune, it’s a really big deal. That’s why Wall Street is abuzz over Monday’s Microsoft note from closely watched analyst Ben Reitzes of Melius Research. Reitzes took the Club stock to a buy from hold, where his rating had been since a February downgrade. And even before that, he had been sounding the alarm that enterprise software stocks were vulnerable to AI disruption risks. Along with Monday’s upgrade, Reitzes also said that “at the risk of embarrassment,” he raised his price target all the way up to $665 from $465, implying more than 25% of upside to current levels around $525. Summed up in the title of his note, “The adults are in charge,” the analyst thinks that Microsoft’s experienced leadership and steady hand will be rewarded by clients and investors in this next leg of artificial intelligence. In Reitzes’ view, the recent freakout by Anthropic CEO Dario Amodei about AI safety, and follow-up from other key opinion leaders in…