- Wells Fargo raised its Microsoft (MSFT) price target to $725 from $700 and kept an overweight rating, naming MSFT a key tactical pick for the final quarter.
- Microsoft will disclose Azure cloud revenue in dollar amounts and separate non-core sales, which analysts say gives clearer visibility into enterprise AI workload consumption.
- Wells Fargo cites Microsoft valuation at an attractive discount to historical averages and expects the Ignite conference to unveil advanced AI agent architectures and expanded cloud capabilities.