Microsoft (MSFT) Coverage Initiated by H.C. Wainwright Amid AI and Cloud Services Growth

• H.C. Wainwright initiated coverage on Microsoft (NASDAQ:MSFT) with a Neutral rating, amidst growing traction in AI and cloud services.
• Wedbush raised its price target for Microsoft to $600, citing increased demand for AI services, with over 70% of Microsoft's customer base expected to adopt enterprise AI by 2028.
• Wells Fargo projects Microsoft's AI business to generate $100 billion in revenue, maintaining an "overweight" rating and increasing its price target to $585.

On June 25, 2025, H.C. Wainwright initiated coverage on Microsoft (NASDAQ:MSFT) with a Neutral rating, as reported by Benzinga. At the time, Microsoft's stock was priced at $491.69. This comes amid a broader context where Microsoft's AI and cloud services are gaining significant traction, as highlighted by Wedbush and Wells Fargo.

Wedbush has raised its price target for Microsoft to $600, up from $515, due to increased demand for AI services through Azure and Copilot. Analyst Dan Ives notes that AI is transforming Microsoft's cloud growth, with over 70% of its customer base expected to adopt enterprise AI by 2028. This optimism is reflected in Microsoft's inclusion on Wedbush's Best Ideas list.

Wells Fargo also shares a positive outlook, projecting Microsoft's AI business to generate $100 billion in revenue. Despite Microsoft's shares trading at historical highs, the AI sector is still in its early stages. Wells Fargo has maintained an "overweight" rating and increased its price target from $565 to $585, indicating confidence in Microsoft's growth potential.

Microsoft's current stock price is $490.21, showing a slight increase from the previous session. The stock has traded between $490.12 and $494.53 today, with a market cap of approximately $3.64 trillion. The trading volume is 7.43 million shares on the NASDAQ exchange, reflecting active investor interest.

Microsoft's capital spending is set to rise, with an expected $80 billion investment for fiscal 2025, projected to grow further in 2026. This investment supports the momentum in AI and cloud services, marking a pivotal time for the company as it continues to expand its enterprise offerings across various sectors.