Microsoft Stock Soars Amid Positive Analyst Reports and Strong Growth Potential

Microsoft stock rose after receiving positive reports from Wall Street analysts. Truist Securities initiated coverage with a buy rating and set a three-year price target of $600, while Macquarie kept its outperform rating and raised its price target to $430. Analysts highlighted Microsoft's strong revenue growth fueled by its cloud computing and artificial intelligence initiatives, particularly its Azure cloud infrastructure services and Copilot generative-AI services. Microsoft stock is considered undervalued and is listed on multiple stock lists, including the IBD 50, Leaderboard, Big Cap 20, Long-Term Leaders, and Tech Leaders.