Microsoft (MSFT) is positioned for artificial intelligence-driven growth in 2026, and the stock is a compelling buy at the moment despite concerns about its AI growth profile and the Street underestimating the Azure growth story, Wedbush said in a Monday research note.
The stock has yet to price in the next wave of cloud and AI growth in 2026, as it heads into the year with a competitive cloud edge in its installed base. Copilot and Azure deployments could add another $25 billion to the topline next year, according to the note.
Channel checks revealed that over 70% of the installed base will be on this AI functionality for the enterprise over the next 3 years, which changes the growth trajectory for Microsoft going forward, according to the note.
"Its clear FY26 for Microsoft remains the true inflection year of AI growth as CIO lines build for deployments behind the velvet ropes in Redmond," analysts wrote.
The brokerage said it reiterated its outperform rating on the stock and price target of $625 per share.
Price: 484.91, Change: -1.01, Percent Change: -0.21
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