Melius upgrades Microsoft stock to Buy at USD 665 target

Published on 10/12/2026 at 11:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Microsoft revenue reached USD 90 billion in fiscal fourth-quarter 2026. Microsoft stock costs EUR 479.48 on October 12, 2026 versus EUR 476.65.

Key points in brief

Melius Research upgraded Microsoft to Buy from Hold and set a USD 665.00 target on October 5, 2026.
Fiscal fourth-quarter 2026 revenue reached USD 90 billion, while Azure growth accelerated 43 percent year over year.
Microsoft stock was at EUR 479.48 at Lang & Schwarz on October 12, 2026, plus 0.59 percent versus the Xetra close of October 9, 2026.
Microsoft is scheduled to publish fiscal first-quarter 2027 results on October 28, 2026.

Bauhaus-style poster with bold geometric four-quadrant composition separated by thick black lines, each quadrant showing a flat abstract app icon: red envelope, blue grid table, yellow presentation screen, black speech bubble — Microsoft Corporation (US5949181045) Bauhaus-Poster mit vier App-Symbol-Quadranten in Primärfarben Rot, Blau und Gelb, Illustration mit AI erstellt.

Microsoft stock was at EUR 479.48 at Lang & Schwarz on October 12, 2026 at 11:44 a.m. CEST, plus 0.59 percent versus the Xetra close of October 9, 2026 at EUR 476.65. On October 5, 2026, Melius Research upgraded Microsoft to Buy from Hold and set a USD 665.00 target, as Yahoo Finance reported.

Three events reset the valuation

Microsoft's fiscal fourth-quarter 2026 results, issued on July 29, 2026, showed revenue of USD 90 billion, up 18 percent year over year, while Azure revenue growth accelerated to 43 percent, according to Yahoo Finance.

On September 30, 2026, Piper Sandler raised its Microsoft target to USD 610.00 from USD 550.00, while Melius followed with the October 5 upgrade and USD 665.00 target. MarketBeat lists 42 Buy, 4 Hold and 2 Sell ratings among 48 analysts, with an average target of USD 578.73.

What does the AI premium require?

The answer is operating conversion, not only demand. Azure's 43 percent fiscal fourth-quarter growth and Microsoft 365 Copilot's 30 million paid seats support the revenue case, but the next report must show whether investment in AI infrastructure is translating into sustained margins and cash generation.

Results date sets the next test

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 Microsoft. The next dated dividend event listed for the security is November 19, 2026, when the quarterly ex-dividend date is shown by onvista.

At Lang & Schwarz, Microsoft was trading at EUR 479.48 on October 12, 2026 at 11:44 a.m. CEST, plus 0.59 percent against the Xetra close of October 9, 2026 at EUR 476.65. The quote remains below the USD 553.72 52-week high recorded on October 9, 2026, while the primary Nasdaq listing stood at USD 535.07 that day. The further course of trading is shown by the continuously updated real-time quote of Microsoft stock.