Piper Sandler raised Microsoft's target share price from $540 to $550. Earlier, Microsoft announced strong cloud business growth, and the number of its paid AI users also increased. In the fiscal quarter ending June, Microsoft's revenue grew 18% to reach $90 billion. Net profit increased 31% to US$35.8 billion. In the 2026 fiscal year ending June, its Azure cloud business revenue surpassed the $100 billion mark for the first time.

Piper Sandler raised Microsoft's target share price from $540 to $550. Earlier, Microsoft announced strong cloud business growth, and the number of its paid AI users also increased. In the fiscal quarter ending June, Microsoft's revenue grew 18% to reach $90 billion. Net profit increased 31% to US$35.8 billion. In the 2026 fiscal year ending June, its Azure cloud business revenue surpassed the $100 billion mark for the first time.