Scotiabank Raises Microsoft Price Target to $625 on Cloud and AI Growth

Scotiabank has raised its price target on Microsoft Corporation to $625 from $615, marking a $10 increase. The upward revision, authored by analyst Patrick Colville, reflects sustained confidence in the company's business fundamentals, enterprise software, Azure cloud computing platform, and monetization potential in generative artificial intelligence. Following the release of the research note, shares of Microsoft traded slightly higher amid overall stability across major U.S. equity indices.