In the past 52 weeks, Microsoft (MSFT) stock has remained mostly sideways. However, from June 2026 lows of $349, MSFT stock has rallied by 46.9%. The strong comeback has proved naysayers wrong, and there might still be juice in the rally.
Wells Fargo added the software giant to its Q4 list of tactical ideas with an “Overweight” rating and a Street-high price target of $725. Analyst Michael Turrin believes that valuations are attractive and several catalysts are lined up.