Reaffirmation of an outperform rating with an unchanged/high price target is typically supportive for shares in the near term, and it is explicitly linked to a fresh AI product announcement (Copilot Cowork), which can drive incremental sentiment and positioning over several sessions.
JMP Securities Reaffirms Bullish Outlook on Microsoft Corporation (MSFT) Following Copilot Cowork Launch Sheryar Siddiq Wed, July 1, 2026 at 5:58 PM GMT+2 1 min read MSFT CVX Microsoft Corporation (NASDAQ: MSFT ) ranks among the AI stocks beyond NVIDIA that could surge in 2026 . Following Microsoft Corporation (NASDAQ:MSFT)'s product announcements, JMP Securities reaffirmed its Market Outperform rating and $550 price target for the company's shares on June 23. On June 16, Microsoft Corporation (NASDAQ:MSFT) stated that Copilot Cowork will be available globally and billed depending on usage.
On the same day, Stifel reaffirmed its Hold rating and $415 price target for Microsoft Corporation (NASDAQ:MSFT) after the tech giant announced a 20-year power deal with Chevron. The power agreement, known as Project Kilby, is currently in the pre-construction stage. The project will remain in that stage until a Final Investment Decision is made at year-end 2026.
The first power delivery from Project Kilby is anticipated in 2028. According to Stifel, this is the earliest schedule that is feasible, though the project might take longer based on the legal landscape and actual economic value generated. Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide.
Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News .
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