--- title: "UBS: Microsoft Office software outlook needs improvement to boost stock price, lowers target price to $510" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/280552135.md" description: "UBS analyst Karl Keirstead pointed out after meeting with investors that Microsoft's 365 and Copilot products need to improve their market outlook to drive stock price increases, thus lowering the target price to $510. Although maintaining a buy rating, he emphasized the need to pay attention to the sustainability and growth potential of these two products. Microsoft has recently taken proactive measures, with a rebound in user numbers and optimistic demand for Azure, but has not provided the latest revenue growth information" datetime: "2026-03-26T02:03:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280552135.md) - [en](https://longbridge.com/en/news/280552135.md) - [zh-HK](https://longbridge.com/zh-HK/news/280552135.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280552135.md) | [English](https://longbridge.com/en/news/280552135.md) # UBS: Microsoft Office software outlook needs improvement to boost stock price, lowers target price to $510 According to Zhitong Finance APP, UBS recently stated after meeting with investors that Microsoft (MSFT.US)'s 365 and Copilot products need an improved market outlook to drive the tech giant's stock price higher. Analyst Karl Keirstead wrote in a report to clients: "We maintain a buy rating on Microsoft, currently based on a price-to-earnings ratio of 19 times its non-GAAP earnings per share for fiscal year 2026. However, we also acknowledge that for this stock to achieve a higher valuation, the market outlook surrounding M365/Copilot needs to improve." Therefore, Keirstead lowered the target price from $600 to $510. Keirstead explained that the recent moves by OpenAI and Anthropic into knowledge work hit Microsoft's "pain point," but investors' focus has shifted to the sustainability of 365 and Copilot and the growth they can deliver. Keirstead noted that after meeting with Microsoft's investor relations team, the Windows giant indicated that its usage rates and user numbers had rebounded in the second fiscal quarter. Notably, Keirstead added that some recent initiatives, such as Copilot Cowork, the new E7 package, and leadership changes, "indicate that Microsoft has taken a more proactive stance internally and shows a sense of urgency." Keirstead explained that, aside from Office 365 and Copilot, Microsoft "is very optimistic about demand for Azure," but did not provide updates on revenue growth and capacity increases, as Microsoft had previously disclosed related information to investors ### 相關股票 - [Microsoft (MSFT.US)](https://longbridge.com/zh-HK/quote/MSFT.US.md) - [T-Rex 2X Long Microsoft Daily Target ETF (MSFX.US)](https://longbridge.com/zh-HK/quote/MSFX.US.md) - [Direxion Daily MSFT Bear 1x Shares (MSFD.US)](https://longbridge.com/zh-HK/quote/MSFD.US.md) - [iShares Expanded Tech Software Sector ETF (IGV.US)](https://longbridge.com/zh-HK/quote/IGV.US.md) - [GraniteShares 2x Long MSFT Daily ETF (MSFL.US)](https://longbridge.com/zh-HK/quote/MSFL.US.md) - [Direxion Daily MSFT Bull 2X Shares (MSFU.US)](https://longbridge.com/zh-HK/quote/MSFU.US.md) - [YieldMax MSFT Option Income Strategy ETF (MSFO.US)](https://longbridge.com/zh-HK/quote/MSFO.US.md) - [SPDR S&P Software (XSW.US)](https://longbridge.com/zh-HK/quote/XSW.US.md) - [Kurv Yield Premium Strategy Microsoft MSFT ETF (MSFY.US)](https://longbridge.com/zh-HK/quote/MSFY.US.md) ## 相關資訊與研究 - [Microsoft Sits At The Center Of The AI Supercycle, Analyst Says](https://longbridge.com/zh-HK/news/280359105.md) - [Microsoft (MSFT) Slides on AI Spending and OpenAI Risk, but Analysts See Up to 65% Upside](https://longbridge.com/zh-HK/news/280486004.md) - [Microsoft fixes broken Windows update days after vowing fewer broken updates](https://longbridge.com/zh-HK/news/280152429.md) - [Microslop stuffs AI photo restyling powers into OneDrive](https://longbridge.com/zh-HK/news/280323467.md) - [Microsoft president says winning trust of US communities is paramount to building data centers](https://longbridge.com/zh-HK/news/280339998.md)