$Microsoft(MSFT)$ Piper Sandler raised its Microsoft price target to $610 from $550, keeping an Overweight rating. Billy Fitzsimmons pointed to the "Super App" announcement, the uplift from the new E7 enterprise licensing plan, and consumption-based pricing contributing more to Copilot and Cowork. Piper says every 10% shift of seats from E5 to E7 drives a $2B annualized revenue uplift, and they also see a path to new Copilot and Cowork consumption revenue scaling to a $2B annualized run rate by fiscal 2028. They now have increased confidence in Microsoft 365's outlook.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
