Financial services firm Jefferies maintained its "Buy" rating and a $675 price target for Microsoft stock on Monday, signaling strong confidence in the company's AI-driven growth. The firm's research note highlighted that the adoption of Microsoft's Copilot is accelerating, with deployments shifting from gradual trials to comprehensive, enterprise-wide rollouts among its customer base. Jefferies observed that this AI momentum is a key factor driving growth even in Microsoft's non-AI related workloads. The analysis also pointed to strong underlying demand for core cloud services, noting that Microsoft is successfully capturing a larger share of the cloud migration market. This is attributed to the company's extensive and integrated end-to-end platform offerings that are proving attractive to businesses.