Mizuho analyst Gregg Moskowitz has increased his price target for Microsoft (MSFT) to $540 from $500, reiterating an “Outperform” rating on the stock. The updated forecast, issued on July 16, comes as part of the firm’s second-quarter earnings preview for the software sector.
According to Mizuho, the positive outlook is driven by “very strong” adoption of artificial intelligence and “generally healthy” demand in cybersecurity. However, the firm noted that some delays in deal completions were observed during the quarter, which could potentially limit the company’s immediate fundamental upside. Mizuho identified Microsoft as one of its top stock picks ahead of its earnings release.
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