These 3 Catalysts Make Microsoft Stock a Bargain Before Year-End

Wells Fargo Sees a Strong Setup Into Year-End

Wells Fargo has added Microsoft (MSFT) to its Tactical Ideas list, its near-term stock picks for the fourth quarter. Analyst Michael Turrin kept his Overweight rating and raised his price target from $700 to $725. He pointed to three catalysts: Microsoft’s AI strength across its products and infrastructure; its Ignite conference in mid-November, which he expects to be larger than usual; and a new way of reporting results — Microsoft is cutting its business segments from three to two, called Agents and Infra, and Devices and Consumer.