Fund Increases Microsoft Holdings as Analysts Lift Targets on AI Momentum

On July 8, Middle Coast Investing disclosed it added Microsoft shares in Q2, citing the company's dominant cloud and AI franchise despite recent underperformance. The move follows a series of bullish analyst actions: Jefferies reiterated Buy with a $675 target on July 6, D.A. Davidson set a $550 target on July 7, and BMO Capital raised its target to $515. Microsoft shares, down over 22% in the past year, rebounded from $356 support and trade at a 35% discount to fair value as Azure grew 40% and the AI run rate hit $37 billion. Consensus targets now cluster near $552-$561.