Microsoft Reinstated at Buy by BofA on AI and Cloud Growth Potential

BofA Securities reinstated coverage of Microsoft (NASDAQ: MSFT) with a Buy rating and a $500 price target, citing strong long-term growth prospects driven by cloud computing and artificial intelligence. The firm said the price target implies approximately 31% upside potential, supported by durable multi-year growth across Microsoft’s business segments. BofA highlighted Microsoft’s strategic positioning in AI, noting that the company is uniquely placed to benefit across both infrastructure and applications. ...