TD Cowen Raises Microsoft (MSFT) Price Target to $625

TD Cowen has reiterated its Buy rating on Microsoft Corporation (MSFT) on October 15, 2026, setting a new price target of $625, up from a previous target of $540. The firm continues to see long-term value in the technology giant, which is known for its software and hardware solutions worldwide.

Other Institutional Activity in Microsoft

Several other institutional investors have also shown interest in Microsoft. BlackRock Inc. holds 607,367,113 shares, worth about $321.3 billion, after increasing its stake by 14,061,346 shares. Vanguard Capital Management LLC owns 485,192,007 shares, valued at approximately $256.7 billion, having added 2,653,959 shares. State Street Corporation increased its holdings by 8,955,571 shares, bringing its total to 315,653,206 shares worth about $167.0 billion.

Microsoft Corporation Stock Down 0.9%

As of October 16, 2026, Microsoft shares were recently trading around $526.53, which is about 4.3% above the 50-day moving average of $504.95 and 21.0% above the 200-day moving average of $435.04. However, the stock is about 4.9% below its 52-week high of $553.72 and 11.7% below the average analyst price target of $596.22.

Recent Earnings

Microsoft reported a trailing twelve-month revenue of $331.8 billion, reflecting a year-over-year revenue growth of 17.7%. The company has 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

Several insiders have sold shares in recent months. On August 5, 2026, Judson Althoff, an officer, sold 10,000 shares at an average price of $487.89, totaling about $4.9 million. Chief Executive Officer Satya Nadella sold 86,525 shares on September 1, 2026, valued at approximately $43.4 million. Chief Financial Officer Amy E. Hood sold 41,674 shares on September 14, 2026, worth about $20.8 million, and an additional 7,305 shares on October 13, 2026, valued at about $3.98 million.

Analysts Set New Price Targets

On the same day as TD Cowen's rating, several other firms also maintained positive ratings on Microsoft. UBS maintained a Buy rating with a new price target of $675, up from $525. Citigroup also kept a Buy rating, raising its target to $636 from $600. Mizuho maintained an Outperform rating with a target of $600, and Jefferies kept a Buy rating with a target of $650, up from $575. The consensus among analysts is a strong Buy with a mean price target of $596.22 based on 53 opinions.

About Microsoft Corporation

Microsoft Corporation, headquartered in Redmond, Washington, develops and supports a variety of technology solutions for both individuals and businesses. Its offerings include operating systems, server applications, business solutions, software development tools, and devices such as PCs and gaming consoles. The company's strong growth and solid earnings performance make it a key player in the tech industry.

Bottom Line

Investors should keep an eye on Microsoft's upcoming earnings report on October 28, 2026, as well as any further analyst ratings or target changes. With a strong market position and positive analyst sentiment, Microsoft continues to be a significant player in the technology sector.