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UBS Boosts Microsoft Target Price to $650, Citing Azure Growth Amid Core Non-AI Demand
2 week ago /
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Author：小编
Microsoft has unveiled robust second-quarter results, with Azure cloud services surpassing growth projections for two straight quarters. Revenues surged by 17%, and margins exceeded expectations. Unfulfilled orders and new contract signings also witnessed significant growth of 35% and 30%, respectively. UBS analysts highlighted that Azure's expansion is predominantly driven by core non-AI demand as businesses transition to the cloud. In light of this, UBS has revised upwards its Microsoft fiscal year 2026 capital expenditure forecast to $120 billion and lifted the target price from $600 to $650. The investment bank maintained a 'Buy' rating and increased its fiscal year 2026 earnings per share forecast to $15.73.
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