- Microsoft stock (NASDAQ: MSFT) opened Monday at $393 after briefly touching $401 last week, surging 7.2% since mid-June.
- TD Cowen analyst Andrew Sherman maintained a buy rating and set a $540 price target, predicting a 37% ROI from current levels.
- The company’s heavy AI capital spending ($120 billion) and development of in-house Maia accelerators underpin Wall Street’s bullish outlook.
Microsoft stock (NASDAQ: MSFT) opened Monday’s session at $393 after briefly touching a high of $401 last week, gaining 7.2% since mid-June. The recent surge has investors eyeing a break above the $400 barrier, a level tested on Thursday.
On the heels of the price climb, TD Cowen analyst Andrew Sherman maintained a buy rating. In a Friday note to clients, he urged accumulation and predicted double-digit gains, setting a price target of $540 per share.
That target implies a 37% return on investment from the current $393 entry point. Consequently, a $1,000 position would grow to $1,370 if the projection holds.
Microsoft has drawn attention for its massive AI capital expenditure, approaching $120 billion. The company is diversifying spending through data centers and its own Maia accelerator chips, designed to power AI infrastructure. Meanwhile, Wall Street remains bullish, and TD Cowen expects MSFT to surpass not only $400 but also $500.
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