JMP Securities Reaffirms Bullish Outlook on Microsoft Corporation (MSFT) Following Copilot Cowork Launch

JMP Securities reaffirmed a bullish view on Microsoft after the company expanded its Copilot strategy, including the global rollout of Copilot Cowork with usage-based billing. The article frames Microsoft as a leading AI beneficiary, and notes that JMP kept its Market Outperform rating and $550 price target. It also references Stifel’s separate June 23 view, which maintained a Hold rating and $415 target after Microsoft announced a 20-year power deal with Chevron (Project Kilby). The piece highlights continued investor focus on big tech and AI-related catalysts, with Microsoft’s product and infrastructure moves seen as supportive of longer-term cloud and AI revenue growth. Market reaction appears positive, with MSFT up 3.53% in the session cited.