Wells Fargo raises target for Microsoft stock to USD 725.00

Published on 10/02/2026 at 15:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo kept Overweight after lifting its USD 700.00 target. Microsoft stock costs EUR 461.30 on October 2, 2026 versus EUR 456.78, plus 0.99 percent.

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Microsoft Corporation (ISIN US5949181045) was trading at EUR 461.30 at Lang & Schwarz on October 2, 2026 at 3:07 p.m. CEST, up 0.99 percent versus the prior close of EUR 456.78. According to Yahoo Finance on October 1, 2026, Wells Fargo raised its Microsoft target from USD 700.00 to USD 725.00, kept its Overweight rating and added the company to its fourth-quarter Tactical Ideas list.

Wells Fargo raises the AI bar

The target increase is a 3.57 percent rise from USD 700.00 and rests on three visible catalysts: AI monetization, upcoming product information and new segment reporting. Wells Fargo analyst Michael Turrin also pointed to the November Ignite conference and clearer Azure disclosures as potential evidence of commercial progress.

Microsoft's latest product cycle supports that thesis. In a September 25, 2026 post, Microsoft introduced Copilot capabilities called Home, Code and Autopilot, with Code rolling out through its Frontier program and Autopilot moving into private preview.

Azure growth supports the case

In fiscal fourth quarter 2026, which ended June 30, 2026, Microsoft generated USD 90.01 billion in revenue, up 18.00 percent year over year, according to Investing.com in its October 1, 2026 analysis. Revenue exceeded the USD 87.62 billion consensus by USD 2.39 billion, a 2.73 percent comparison advantage, while GAAP net income rose 31.00 percent to USD 35.77 billion.

Azure and other cloud services revenue grew 43.00 percent in that quarter, versus 40.00 percent in the March quarter. Management guided fiscal first-quarter 2027 Azure growth to 45.00 percent in constant currency, making Azure growth and Copilot adoption the clearest tests of the higher target.

Spending remains the counterweight

The operating picture carries a measurable risk. Microsoft is investing heavily in data centers, servers and AI infrastructure, so stronger Azure growth must translate into revenue and cash generation rather than only higher capacity. That tension explains why Wells Fargo's target increase is tied to disclosure quality and monetization, not only to product launches.

Microsoft stock was trading at EUR 461.30 at Lang & Schwarz on October 2, 2026 at 3:07 p.m. CEST, plus 0.99 percent versus the Lang & Schwarz prior close of EUR 456.78 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Microsoft stock.