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00:02Microsoft shares fell Thursday after the company beat fiscal first quarter earnings estimates,
00:08even as several Wall Street analysts raised their price targets, according to Benzinga.
00:13Analysts highlighted accelerating Azure growth, increased co-pilot adoption,
00:17and stronger-than-expected performance in capital spending.
00:21Scotiabank raised its price target to $650,
00:25citing Azure growth and lighter-than-expected capital expenditures.
00:29KeyBank increased its target to $630,
00:32pointing to continued momentum in Azure, co-pilot, and capital spending.
00:37DA Davidson also raised its target to $650,
00:41highlighting growth across Microsoft's AI software and infrastructure offerings.
00:46Analysts remain focused on capacity constraints, cloud margins,
00:50and whether AI revenue can offset rising infrastructure costs.
00:54Microsoft shares fell 1.4% to $523.48 Thursday.
01:00For all things money, visit Benzinga.com.
