Microsoft(US:MSFT) 智通财经网·2025-06-25 13:04Group 1 - Wells Fargo maintains an "overweight" rating on Microsoft (MSFT.US) and raises the target price from $565 to $585, emphasizing Microsoft's ambitions in artificial intelligence (AI) which are still in the early stages [1] - Analysts led by Michael Turrin project that Microsoft's AI business could exceed $100 billion in revenue by fiscal year 2029, with a shift towards application layers/Copilot expected this year [1] - Microsoft has rapidly expanded its annual recurring revenue (ARR) for AI to $13 billion in under three years, marking the fastest growth in its history, with expectations of reaching nearly $20 billion by fiscal year ending June 2025 [1] Group 2 - Analysts believe that significant changes in Microsoft's contract agreements with OpenAI are unlikely unless they can substantially increase Microsoft's net revenue share, extend IP access, or alter profit caps [2] - Copilot is expected to reach critical scale by fiscal year 2026, with projections of $12 billion in annual recurring revenue if market penetration reaches 10% [2] Group 3 - As of the report, Microsoft shares are up 0.42% in pre-market trading, priced at $492.165 [3]