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Microsoft Corp. (MSFT) generated impressive free cash flow (FCF) growth and higher FCF margins in the June quarter, and said capital expenditure (capex) growth would moderate. That could lead to a +28% upside in MSFT's price over $668 per share. This article will show why.
MSFT closed at $522.04 on Friday, Aug. 8, 2025, which was lower than the pre-release high of $535.64 on Aug. 4. In a prior Barchart article ("Analysts Keep Raising Microsoft Stock Price Targets - Time to Buy?), I had set a price target of $618 based on its FCF margins.