Microsoft (MSFT) PT Raised to $580 at TD Cowen

TD Cowen analyst J. Derrick Wood raised the price target on Microsoft (NASDAQ: MSFT) to $580.00 (from $540.00) while maintaining a Buy rating.

The analyst commented: "MSFT reports 4Q on 7/30. While shares are hitting all-time highs, we think the story continues to grow increasingly attractive w/ MSFT positioned as a clear beneficiary
in the AI cycle. Azure checks were strong, we're expecting capacity constraints to be easing, and our new bottoms-up model gives us confidence in Azure growth trending well above Street in the qtrs ahead. Reiterate Buy. PT to $580."

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