Jefferies raises Microsoft target to USD 650: Microsoft stock falls 2.16 percent

Published on 10/15/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Microsoft reports fiscal first-quarter results on October 28, 2026. Microsoft stock costs EUR 472.73 on October 15, 2026, 2.16 percent below its Xetra close.

Analyst revision and operating scale

Jefferies raised its Microsoft target from USD 575 to USD 650 on October 14, 2026.
Microsoft reported USD 90.0 billion in fiscal fourth-quarter revenue, up 18.00 percent year over year.
Microsoft stock trades at EUR 472.73 at 10:36 a.m. CEST at Lang & Schwarz on October 15, 2026, 2.16 percent below the Xetra close of October 14, 2026.
Microsoft will publish fiscal first-quarter 2027 results on October 28, 2026.

Isometric 3D illustration of a connected tech ecosystem on dark blue background, showing server rack data center on left, glowing cloud platform in center with data flow lines, office building cross-section on right, and a gaming controller bottom-right — Microsoft Corporation (US5949181045) isometrisches 3D: Cloud, Server, Rechenzentrum, Office und Gaming-Konsole verbunden, Illustration mit AI erstellt.

Microsoft (ISIN US5949181045) stock was trading at EUR 472.73 at Lang & Schwarz on October 15, 2026 at 10:36 a.m. CEST, down 2.16 percent versus the Xetra close of October 14, 2026 at EUR 483.15. According to Markets Insider on October 14, 2026, Jefferies raised its Microsoft price target from USD 575 to USD 650 and kept a Buy rating.

Target revision meets earnings countdown

The revision lifts Jefferies' target by 13.04 percent, calculated from USD 575 to USD 650. Its preview said fiscal first-quarter conditions were setting up well as Azure and Microsoft 365 accelerated, putting the October reporting date at the center of the near-term debate.

Microsoft will publish fiscal first-quarter 2027 results after the market close on October 28, 2026, with the webcast scheduled for 2:30 p.m. Pacific Time, according to its October 7, 2026 release.

Three events shape the timeline

On July 29, 2026, Microsoft reported fiscal fourth-quarter revenue of USD 90.0 billion, up 18.00 percent from a year earlier, while Microsoft Cloud revenue reached USD 59.3 billion and Azure growth was 43.00 percent, according to TokenPost.

On October 7, 2026, Microsoft set October 28, 2026 as the fiscal first-quarter reporting date. On October 14, 2026, Jefferies moved its target from USD 575 to USD 650, the latest event in this sequence.

What does the target revision change?

The higher target contrasts with a USD 4.0 trillion market capitalization and a USD 349.20 to USD 553.72 52-week range as of October 14, 2026. The valuation question is therefore tied to whether Azure growth and AI spending can convert into the earnings acceleration implied by the updated target.

Dates investors can mark

The next confirmed reporting date is October 28, 2026. The next confirmed shareholder meeting is December 8, 2026, according to Comdirect.

Euro quote reflects the pullback

The current euro quotation is 2.16 percent below the October 14 Xetra close, while the company enters its next earnings checkpoint with the Jefferies target at USD 650. At Lang & Schwarz, Microsoft was trading at EUR 472.73 on October 15, 2026 at 10:36 a.m. CEST, 2.16 percent below the Xetra close of October 14, 2026 at EUR 483.15. The further course of trading is shown by the continuously updated real-time quote of Microsoft stock.