Microsoft stock crosses $500, analysts predict surge to $600

Microsoft stock (NASDAQ: MSFT) climbed above the $500 level this week, opening Tuesday’s trading session at $509. The software titan has risen nearly 7.7% year-to-date and is aiming to cross the $550 level next.

Wall Street analysts have given MSFT a buy rating, urging institutional clients to take an entry position. The buy call spiked when MSFT was trading in the $480 to $490 zone last month.

Now that the stock trades above $500, analysts have hiked their price predictions and reiterated ratings. JP Morgan has maintained its buy position and urged institutional clients to begin their accumulation spree.

According to JP Morgan’s Price Prediction, MSFT will breach the $550 mark and could climb above the $600 zone. Samik Chatterjee, Senior Equity Research Analyst at JP Morgan, maintained his buy rating with a price target of $625.

That’s nearly a profit of $115 per share if traders take an entry position today. It marks a return on investment of approximately 20% from its current value of $509, meaning an investment of $1,000 could turn into $1,200.

Meanwhile, RBC Capital delivered the highest target of $640 for MSFT, citing Copilot’s robust growth. The majority of institutional giants remain bullish on the software giant as the AI race heats up.

The company has generated revenue of $5.4 billion annually from M365 Copilot subscriptions. It has even reached lower-rung users with a base subscription of $30 per month.

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