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

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 near $383, though the target requires Azure sustaining 37-38% growth and Copilot seat expansion converting into measurable revenue uplift. Bank of America’s thesis centers ...