Jefferies Raises Microsoft (MSFT) Price Target to $650

Jefferies has reiterated its Buy rating on Microsoft Corporation (MSFT) and set a new price target of $650 on October 15, 2026. This update comes as the stock trades recently around $526.53, which is below the target set by Jefferies.

Other Institutional Activity in Microsoft

Blackrock Inc. holds 607,367,113 shares of Microsoft, valued at about $321.3 billion, after increasing its stake by 14,061,346 shares. Vanguard Capital Management LLC owns 485,192,007 shares worth approximately $256.7 billion, adding 2,653,959 shares. State Street Corporation has 315,653,206 shares valued at around $167.0 billion, increasing its holdings by 8,955,571 shares. Geode Capital Management, LLC has 189,632,090 shares worth about $100.3 billion, with a slight increase of 1,131,007 shares. FMR, LLC reduced its stake by 4,260,951 shares, ending with 185,960,066 shares valued at around $98.4 billion.

Microsoft Corporation Stock Down 0.9%

Microsoft shares recently traded at $526.53 as of October 16, 2026. This price is above its 50-day moving average of $504.95 by 4.3% and its 200-day moving average of $435.04 by 21.0%. However, the stock is about 4.9% below its 52-week high of $553.72, indicating some room for growth relative to recent highs.

Recent Earnings

In its trailing twelve months, Microsoft reported revenue of approximately $331.8 billion, with a net margin of 40.3% and a return on equity of 34.0%. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at Microsoft Corporation

Recent insider sales include Chief Executive Officer Satya Nadella, who sold 86,525 shares valued at about $43.4 million on September 1, 2026. Chief Financial Officer Amy E. Hood sold 41,674 shares worth approximately $20.8 million on September 14, 2026. On October 13, 2026, Amy E. Hood also sold 7,305 shares at an average price of $545.42, totaling about $3.98 million.

Analysts Set New Price Targets

On October 15, 2026, several firms maintained their ratings on Microsoft. UBS kept a Buy rating with a target of $675, while Citigroup also maintained a Buy rating with a target of $636. Mizuho maintained an Outperform rating with a target of $600, and TD Cowen maintained a Buy rating with a target of $625. The consensus target price from analysts is $596.22, reflecting strong confidence in the stock's future performance.

About Microsoft Corporation

Microsoft Corporation is a leading technology company based in Redmond, Washington. It develops a wide range of technology solutions, including operating systems, applications, and devices like PCs and gaming consoles. Microsoft's strong market position and innovative products make it a key player in the technology sector.

Bottom Line

Investors should keep an eye on Microsoft's upcoming earnings report on October 28, 2026, as well as the stock's performance against analyst targets. Jefferies' reaffirmed Buy rating and new price target of $650 suggest that there is potential for growth, especially as the stock remains below this target.