Stifel upgraded Microsoft to buy and raised its price target to $575 from $530, representing more than 15% upside. Analysts have grown more confident in the tech giant’s growth trajectory, particularly for Azure, which posted 43% revenue growth in constant currency in the most recent quarter. Copilot’s paid seats reaching 30 million and improving profitability have also reassured investors. Microsoft plans to invest over $10 billion across the Middle East by 2030 to expand its data center presence. Shares remain up over 3% year-to-date.
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