Microsoft Eyes $600 Target as Enterprise AI Momentum Accelerates

Microsoft shares trade near $410-$423 after a 10% monthly rebound, with analysts now projecting a climb to $600 driven by sustained 15% revenue growth and normalized earnings expansion. The bullish outlook follows Pershing Square’s $2.09 billion acquisition of 5.65 million shares in mid-May, which lifted the stock 3.2%. Earlier momentum built from strong FCF projections implying a $530 fair value, unusual bullish call-option activity, and a potential bull-flag pattern near $413. Robust Azure and AI growth metrics, including a $37 billion annualized run rate up 123% YoY, have overshadowed contrasting hedge-fund moves such as Rokos trimming and Third Point’s exit.