As Microsoft Corp. (NASDAQ: MSFT) stock rallied more than 27% since reporting a strong fourth quarter of its 2026 fiscal year, Samik Chatterjee, an analyst at JPMorgan Chase & Co. (NYSE: JPM), expects this company’s share price to hit a new all-time high (ATH) over the next 12 months.
Chatterjee reiterated a ‘Buy’ rating for Microsoft stock, according to a note sent to the bank’s clients on August 13. He also raised his 12-month price target for MSFT to $625 from $550, which represents a 13.64% uplift.
With Microsoft stock trading at approximately $492.43 at press time, this analyst suggests a possible 26.92% upside. This bullish outlook was favored by the company’s growth prospects.
Furthermore, JPMorgan sees Microsoft experiencing a growth acceleration in Azure and M365 Commercial Cloud. Additionally, this analyst noted that the company’s AI infrastructure buildout would be the key underlying driver for acceleration in its businesses.
Most importantly, Chatterjee believes that Microsoft’s combination of high revenue and earnings growth as well as lower capital needs than its peers should justify a return to the historical premium for MSFT shares relative to the broader market.
Wall analysts signal bullish outlook for Microsoft stock
Following Chatterjee’s ‘Overweight’, 34 Wall Street analysts surveyed by TipRanks have set an average 12-month price target of $564.49, which implies a potential 14.63% upside. Worth noting that 33 of these surveyed analysts having issued a ‘Buy’ rating for Microsoft stock, and the highest target is roughly $700, while the lowest is $450.
MSFT share price performance
Over the past 30 days, MSFT stock price rallied over 27%, hence closing above June’s peak of near $466.36. As such, Microsoft stock has confirmed an end to its 2026 correction. Microsoft had a market capitalization of $3.7 trillion at the time of publication.
If MSFT’s stock price continues its recent uptrend, the analysts’ target of an ATH over the next 12 months could happen.
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