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Microsoft (MSFT) Jefferies Forecasts a Further 25% Upside
Microsoft (MSFT)
Microsoft (MSFT) remains a Buy at Jefferies & Company, where they just raised their 12 month price target to US$650 from US$575. Strong Azure and Microsoft 365 demand supports the outlook: Azure revenue grew 43% in Microsoft’s latest reported quarter. The main question is whether that growth will generate enough profit to justify heavy AI infrastructure spending, which has pressured cloud margins. Microsoft’s October 28 earnings report will provide the next test.
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