Global investment bank Wells Fargo has bumped Microsoft stock price target (NASDAQ: MSFT) with a buy rating on June 1, 2026. MSFT opened Tuesday’s trading bell at $460 after rising by more than 10 points the previous day. The leading software giant has spiked 11.34% since last month and regained its balance in the charts. However, it is still down 2.63% since the start of January, but could reach there this month.
On the heels of the latest price recovery, Wells Fargo analyst Michael Turrin wrote in a note to clients that Microsoft stock might not stay in the $450+ range for long. The analyst projects that MSFT could reach a high of $650 and zoom ahead in value. Turrin revised his price prediction on Monday, as his previous forecast was $625. He added that the leading equity could rise by another $25 from there.
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Microsoft Stock: Wells Fargo Goes Bullish on MSFT Target
The Wells Fargo analyst maintained his ‘Overweight’ rating while hiking the price prediction from $625 to $650. The development indicates that institutional funds are bullish on Microsoft stock for its penetration in the AI sector. The company has been diversifying its tech across various countries to gain the most from the deployment. A leap from $460 to $650 would be remarkable for traders who take an entry position this month. Even Morgan Stanley recently hiked the MSFT price target with a bullish rating.
That’s a massive 41% upside potential for Microsoft stock from its current price of $460. If his price prediction turns out to be accurate, an investment of $1,000 could turn into $1,400+ in the coming months. That’s stellar gains, as not every asset in the market is currently delivering double-digit returns. Therefore, an investment in Microsoft stock could be beneficial when the equity enters its next leg in the indices.