Microsoft stock (NASDAQ: MSFT) is having a rough time in 2026 as it’s down nearly 22% year-to-date. In a month alone, MSFT has bled more than 9%, making it among the least-performing tech stocks. It opened Wednesday’s bell at $372, but investors’ optimism in MSFT remains low.
However, 3 Wall Street firms have painted a bullish picture for Microsoft stock, predicting it could reach $600 and above. The bullish thesis comes with its Cloud services, Azure, and AI Copilot. The leading financial firms see an uptick in MSFT of more than 60%, urging traders to buy when its price is low.
Also Read: Analyst Who Studied 84 Microsoft Earnings Calls Reviews MSFT Stock
Microsoft Stock Above $600 Price Prediction
Daiwa Capital gave Microsoft a buy rating with a price target of $600. The reasoning for the price prediction is that the company’s cloud services can dominate the industry. Microsoft generated $75 billion in revenue in 2025 through its cloud service Azure. This represented a 34% growth rate for the company year-over-year. In addition, the quarterly revenues are now showing 39% growth as of early 2026, making Azure a clear winner.
Morgan Stanley is bullish on Microsoft stock, giving it a price target of $650. The leading investment bank also cites strong growth in its cloud services, Azure. This makes MSFT a prime pick as the investment bank remains bullish on the equity. The capital expenditure vs the income generated is filling in the gap for the software giant. If the Morgan Stanley forecast turns out to be accurate, traders can net gains of 75%.
Jefferies is the most bullish one among the lot for Microsoft stock with a bigger price target. The investment bank predicts MSFT to reach a maximum high of $675. That’s above Daiwa Capital and Morgan Stanley’s price prediction. The reasoning for the bullish target is also the company’s cloud services, Azure. They see a massive market for the services, which can take MSFT to the $675 price point.