Evercore: With the support of Azure and AI strategy, Microsoft remains a "favorite" for long-term investors
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Evercore ISI pointed out that Microsoft remains a popular choice for long-term investors due to its artificial intelligence strategy and the continued growth of Azure cloud services. Analyst Kirk Materne stated that Microsoft's current stock price corresponds to a 29 times price-to-earnings ratio for fiscal year 2026, offering an attractive risk-reward ratio. Evercore rated the stock as "outperform," setting a target price of $500. It is expected that annual revenue from Azure's AI-related services has surpassed $14 billion, and Azure will maintain a robust revenue growth rate of over 30% in the coming quarters
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