Wells Fargo Maintains Outperform on Microsoft (MSFT) Despite Lowered Target

Microsoft Corporation (NASDAQ:MSFT) is among the best software infrastructure stocks to buy according to hedge funds. On Thursday, January 8, Wells Fargo trimmed its price target on the stock from $700 to $665 while maintaining its Outperform rating, according to The Fly. The revision followed the publication of Wells Fargo’s software-sector update for 2026, in which the analyst team argued that AI will remain “the name of the 2026 game”. They highlighted that investors can capitalize on opportunities in ...