Wells Fargo Stays Bullish on Microsoft (MSFT) as Azure Growth Remains a Key Driver

Microsoft Corporation (NASDAQ:MSFT) is one of the AI Stocks Shaping Wall Street’s Next Big Rally. On October 6, Wells Fargo reiterated the stock as “Overweight” and raised its price target on the stock to $675 per share from $650. According to the firm, investors will be mainly watching out for how much Azure’s cloud business can grow given the incremental capacity in the first quarter. Since the last two prints already present a high bar, the company faces tough comparisons. Nevertheless, the company i ...