Microsoft shares MSFT rose about 2% on Wednesday after Piper Sandler raised its price target on the software giant to $610 from $550 while maintaining an Overweight rating. The new target represents nearly 18% upside from the stock's current trading level and reflects higher estimates and an expanded enterprise value-to-operating cash flow multiple, as the brokerage grows more confident in the outlook for Microsoft's Microsoft 365 commercial cloud business.
Read on invezz.com