From $383 to $500: BofA's Bold Microsoft Call Rests on Azure and Copilot Momentum

From $383 to $500: BofA's Bold Microsoft Call Rests on Azure and Copilot Momentum - 24/7 Wall St. S&P 5006,579.90 -0.18% Dow Jones46,338.00 +0.13% Nasdaq 10024,091.00 -0.55% Quick Read Microsoft (MSFT) reported Azure revenue growth of 39% year-over-year with Intelligent Cloud segment revenue at $32.91B, up 29% YoY, while commercial remaining performance obligation surged 110% YoY to $625B. Bank of America reinstated coverage with a Buy rating and $500 price target, implying 31% upside from current levels ne ...