$MSFT PT Raised to $550 at Jefferies
$Microsoft(MSFT.US$ We believe that MSFT is the key beneficiary of Gen AI, poised to benefit from both infrastructure (Azure OpenAI) and app angles (series of Copilots) opportunities, capturing the most of this transformational opportunity. Reiterate MSFT as our franchise pick and raise our PT to $550, implying 35x Cons. FY26E EPS.
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