Bernstein Raises Microsoft Price Target to $662, Citing Cloud and Enterprise Strength

Bernstein has raised its price target on Microsoft Corp. to $662 from $660 while reiterating an Outperform rating. The revised target represents an upside potential of approximately 25% from the company's previous closing price of $529.05 on Friday. Analyst Mark Moerdler's adjustment reflects continued confidence in the software company's artificial intelligence initiatives, enterprise software expansion, and cloud computing footprint amid broader Wall Street target revisions.