Barclays lifts Microsoft price target to $610 and keeps Overweight rating
Barclays increased its price target for Microsoft to $610, up from $600, while reaffirming an Overweight stance. The broker highlighted the company's strong Azure growth and a 17.79% rise in overall revenue over the past year. It also noted that Microsoft’s Office suite grew 19% year‑over‑year in constant currency and that the firm posted first‑quarter fiscal 2027 earnings that exceeded forecasts, delivering earnings per share of $4.89 and revenue of $92.28 billion. The gross profit margin was reported at 67.94%.
Why it matters
Barclays estimates the new target implies about a 14.9% upside from the latest closing price. The higher target and maintained Overweight rating may prompt investors to increase exposure to the stock.
Key facts
- 1Barclays raised its price target for Microsoft to $610 from $600. investing.com
- 2Barclays kept an Overweight rating on Microsoft. tradingview.com
- 3Microsoft’s Azure business is on track for roughly 50% year‑over‑year growth. investing.com
- 4Overall revenue grew 17.79% over the last twelve months. investing.com
- 5Office revenue increased 19% year‑over‑year in constant currency on a fully adjusted basis. investing.com
- 6Gross profit margin stood at 67.94%. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.