Wells Fargo has lifted its price target on Microsoft to $700 from $650 while maintaining an overweight rating on the stock, according to a BlockBeats report dated Aug. 12. The analysts said open models are cutting costs and making AI tools more widely available. They also pointed to a CIO survey that showed customers shifting toward hybrid AI models. In Wells Fargo’s view, that shift is helping increase terminal value for platforms. The target revision also reflects investor recognition of Microsoft’s competitive position in artificial intelligence and cloud computing. At the same time, the bank’s comments suggest expectations are building for a wider gap in returns between software sector winners and losers. No other rating change or financial guidance update was mentioned in the report.
Wells Fargo raised its price target on Microsoft to $700 from $650 on Aug. 12 and kept its overweight rating on the stock, according to BlockBeats.
The analysts said open models are lowering costs and expanding availability. They also cited a CIO survey showing that customers are moving toward hybrid AI models, a shift they said is boosting terminal value for platforms.
The change also highlights investor recognition of Microsoft’s competitive edge in AI and cloud computing. Wells Fargo’s view also points to a market expectation that returns between software industry winners and losers will become more differentiated.
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