Piper Sandler’s analysts reaffirmed their Overweight rating on Microsoft (NASDAQ:MSFT) with a $400.00 target. They identified Microsoft as a top large-cap pick for the year-end, highlighting its edge in generative AI and anticipated growth in the upcoming December quarter from a non-cloud resurgence.
According to the analysts, significant events like the M365 Copilot general release on November 1 and the Microsoft Ignite conference from November 15-17 further boost the stock’s appeal. Additionally, a sharp increase in visitors to the adoption.microsoft.com domain boosts confidence in the anticipated uptake of M365 Copilot, suggesting IT professionals are preparing for its introduction.
