Wedbush Raises Microsoft Price Target to $600, Highlights AI Growth Potential

Wedbush analyst Daniel Ives increased Microsoft's price target to $600 from $515, signaling a 21.9% upside potential. The firm maintains a Buy rating, framing AI as Microsoft's "shining moment." Ives argues Wall Street underestimates MSFT's growth trajectory, particularly in AI-driven cloud services.

Customer surveys suggest 70% of enterprises will adopt Copilot and Microsoft AI tools within three years. The inflection point is projected for 2026, following two years of experimentation. MSFT shares hit a 52-week high of $494.56 amid bullish sentiment.

Azure and Copilot are poised for exponential adoption, creating substantial monetization opportunities. "We're witnessing the early stages of an enterprise AI arms race," Ives noted, positioning Microsoft as a primary beneficiary.