UBS has raised its price target for Microsoft Corp (NASDAQ:MSFT), the software and cloud computing company, to $675 from $525, arguing that strong demand for artificial intelligence services supports higher growth expectations ahead of its 28 October results. The bank reiterated its 'buy' rating, saying Microsoft's valuation remains reasonable at 23 times estimated 2027 adjusted earnings despite a 39% rally since its June-quarter results.
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