Microsoft shares rise after Bernstein lifts target to $662
Microsoft shares gain about 1.16% to $535.18 after Bernstein raised its price target to $662 and kept an Outperform rating, GuruFocus reports.
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what happened
Microsoft shares climbed about 1.16% to $535.18 around 11:51 a.m. ET on October 19, while investors weighed a fresh call from Bernstein ahead of earnings. According to The Fly, cited by GuruFocus, the firm raised its price target to $662 from $660 and kept its Outperform rating.
In the fiscal fourth quarter, commercial remaining performance obligations reached $678 billion, up 84% year over year. Microsoft Cloud revenue came in at $59.3 billion, up 27%, while Azure and other cloud services grew 43%.
GuruFocus's valuation snapshot puts the stock 9.94% below its $594.27 GF Value estimate, though that does not prove the shares are cheap. The key question is whether this contracted business can turn into recognized revenue and cash flow without pressuring margins.
why it matters
For markets, the larger issue is not the small target increase but whether Microsoft can convert its large contract backlog into revenue and profit. The next report should show whether added capacity supports cloud growth without squeezing profitability.
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- Microsoft Stocks Rise With Bernstein's $662 Target Setting an AI Earnings Test — gurufocus.com, 19 October 2026 at 19:50 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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