Bank of America analyst Tal Liani raised Microsoft’s price target to $600 from $500 and reaffirmed a Buy rating, saying investors underestimate the company’s ability to deploy artificial intelligence across enterprise software, cloud infrastructure and productivity applications. Liani said Microsoft is not trying to replace Anthropic’s Claude, OpenAI’s ChatGPT or Google’s Gemini, but instead provides a secure, controlled platform through which businesses can use those models alongside Microsoft’s own tools. He described Copilot as an orchestration layer and said Microsoft Code 1 can reduce costs by as much as 85% for certain tasks. Microsoft’s shares were down 0.47% at $498.68 in Wednesday premarket trading, with resistance at $513.50 and support near $477. The broader trend remains bullish despite weakening momentum indicators. Azure growth had previously accelerated to 43% in fiscal fourth-quarter 2026, paid Microsoft 365 Copilot seats exceeded 30 million, and remaining performance obligations rose 84% year over year. Wall Street’s consensus remained Buy, with an average target of $556.15 in the latest snapshot.