Wells Fargo raises target for Microsoft stock from USD 700 to USD 725

Wells Fargo has increased its price target for Microsoft stock from USD 700 to USD 725, maintaining an "Overweight" rating. This adjustment is based on Microsoft's AI monetization efforts, the upcoming Ignite conference, and a new segment reporting structure which is expected to provide clearer insights into Azure revenue. Microsoft also reported strong fiscal Q4 2026 revenues and non-GAAP earnings per share that surpassed consensus estimates.