BMO Capital Raises Microsoft (MSFT) Price Target to $600

BMO Capital's Call on Microsoft Corporation

BMO Capital maintained its Outperform rating on Microsoft Corporation (MSFT) on October 20, 2026, while raising its price target from $515.00 to $600.00. The research note reflects a positive stance on the tech giant as shares trade close to the newly adjusted target.

MSFT Microsoft Corporation

$532.12 ▲ +13.23% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Other Institutional Activity in Microsoft Corporation

PineStone Asset Management trimmed its holdings by 149,240 shares, ending with 2,437,447 shares worth about $1.25 billion. PensionDanmark Pensionsforsikringsaktieselskab reduced its stake by 27,259 shares to hold 1,392,232 shares valued at roughly $714.1 million. James Hambro & Partners grew its holdings by 6,627 shares, finishing with 435,336 shares worth about $223.3 million. ASR Vermogensbeheer N.V. added 68,450 shares to end with 1,106,556 shares valued at roughly $567.6 million, while Y-Intercept closed out its entire position by shedding 119,407 shares.

Microsoft Corporation Stock Up 0.7%

Microsoft shares recently traded around $532.57 as of October 20, 2026, roughly matching the event-day close of $532.61. The stock sits about 5.2% above its 50-day moving average of $506.20 and remains well above its 200-day moving average of $435.50. The share price is down about 3.8% from its 52-week high of $553.72 and up about 52.5% from its 52-week low of $349.20.

Recent Earnings

Microsoft Corporation reported trailing twelve-month revenue of $331.8 billion alongside a net profit margin of 40.3%. The company achieved a return on equity of 34.0% with trailing earnings per share of $18.10. The next corporate earnings release is scheduled for October 28, 2026.

Dividend

Microsoft Corporation pays an annual dividend rate of $3.92 per share, which translates to a dividend yield of 0.73%. The payout ratio sits at 19.8% of earnings.

Insider Buying and Selling at Microsoft Corporation

Company insiders executed several sales prior to the analyst update. Officer Judson Althoff sold 10,000 shares on August 5, 2026, at an average price of $487.89 for a total value of $4,878,930. Chief Executive Officer Satya Nadella disposed of 86,525 shares on September 1, 2026, valued at $43,388,532. Chief Financial Officer Amy E. Hood sold 41,674 shares on September 14, 2026, worth $20,764,845, followed by another sale of 7,305 shares on October 13, 2026, valued at $3,984,303.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on the stock. On October 15, 2026, UBS maintained a Buy rating and raised its price target from $525.00 to $675.00. Citigroup maintained a Buy rating on October 15, 2026, while lifting its target from $600.00 to $636.00. StoneX kept a Buy rating on October 16, 2026, moving its target from $525.00 to $600.00. Bernstein maintained an Outperform rating on October 19, 2026, nudging its target from $660.00 to $662.00. Across 53 analyst opinions, the stock carries a consensus recommendation of Strong Buy with a mean price target of $599.28.

About Microsoft Corporation

Headquartered in Redmond, Washington, Microsoft Corporation builds software, hardware, and cloud computing platforms for customers worldwide. The company develops popular operating systems, server applications, productivity tools, and gaming consoles, while also driving major enterprise initiatives in artificial intelligence and cloud infrastructure. Analysts closely monitor its software demand and cloud growth numbers ahead of upcoming financial reports.

Bottom Line

Investors will look toward Microsoft's upcoming earnings release on October 28, 2026, for further insight into cloud and software revenue trends. The updated $600 price target from BMO Capital places additional focus on execution as shares hover near recent highs.