Wells Fargo raised the Microsoft Corporation price target to $700 on August 12, 2026. The firm increased the target from a previous $650. Analysts maintained an overweight rating on the stock.
Growth in cloud computing and enterprise software divisions fueled the adjustment. The updated forecast exceeds the current market average target of $568.49.
The move signals confidence in Microsoft’s ability to expand its key business segments. Wells Fargo suggests the stock remains undervalued relative to its intrinsic worth.