<div id="readability-page-1"><div><div>Reflecting the surging tide of artificial intelligence, Wedbush Securities analyst Dan Ives has raised his price target for Microsoft Corp. MSFT to $600, up from an earlier estimate of $425, citing a “massive adoption wave” of AI-driven Azure services.What Happened: The announcement, made via X, underscores Ives’ confidence in Microsoft's pivotal role in the AI revolution, dubbing it the company's “shining moment.”The new target implies a 23% upside for Microsoft investors based on Tuesday's closing price.Ives, a veteran tech bull on Wall Street, bases his bullish outlook on recent field checks revealing robust AI customer adoption.Microsoft's Azure cloud platform, enhanced by innovations like Nvidia Corp.‘s NVDA Hopper GPUs and custom-built silicon, is at the forefront, with monetization strategies outlined in the Azure API Management framework driving significant growth. The new target, approximately 25% premium over the current Wall Street consensus of $517.85, reflects Ives' belief that AI infrastructure is propelling Microsoft ahead of competitors.Why It Matters: Currently, based on the 29 analysts tracked by Benzinga, MSFT has a consensus target price of $517.85 apiece, with a ‘buy’ rating.The targets range from $475 to $605. Recent price targets from Wells Fargo, Citigroup, and RBC Capital imply a 15.07% upside for Microsoft Corp.MSFT shares were up 0.22% in premarket on Wednesday and ended 0.85% higher at $490.11 apiece on Tuesday. It has risen by 17.09% on a year-to-date basis and 8.68% over the past year. Benzinga Edge Stock Rankings shows that MSFT had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid; however, its value ranking was poor at the 13.32nd percentile. The details of other metrics are available here.The SPDR S&amp;P 500 ETF Trust SPY and Invesco QQQ Trust ETF QQQ, which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was down 0.054% at $607.11, while the QQQ rose 0.16% to $540.66, according to Benzinga Pro data.<ul> <li>Michael Saylor Offers BTC Credit Model As Bill Pulte Pushes Crypto For Fannie Mae, Freddie Mac: Could Bitcoin Soon Count Toward Mortgage Qualification?</li> </ul>Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image via Shutterstock</div></div></div>

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Wedbush Securities analyst Dan Ives has raised Microsoft's price target to $600 from $425, citing a significant adoption of AI-driven Azure services. This new target suggests a 23% upside for investors. Ives highlights Microsoft's leading role in the AI revolution, supported by strong customer adoption and innovative technologies. The consensus target among 29 analysts is $517.85, with MSFT shares showing a year-to-date increase of 17.09%.

- Wedbush Securities analyst Dan Ives has raised Microsoft's price target to $600, citing a significant adoption wave of AI-driven Azure services.  
- This new target suggests a 23% upside for investors and reflects Ives' confidence in Microsoft's leading role in the AI sector, supported by strong customer adoption and innovative technologies.  
- Currently, the consensus target price among 29 analysts is $517.85, indicating a bullish outlook for Microsoft amid rising share prices and positive market trends.  

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Microsoft Stock Poised For 23% Rally As AI Monetization Gains Steam, Dan Ives Says