80/100BMicrosoft stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Microsoft is 611.74, 15.3% above the current price of 530.70. Their targets range from 440.00 to 750.00.
Of the 31 firms that rated Microsoft in the past 12 months, 30 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 440.00 to 750.00, with an average of 611.74.
| Buy | 30 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 750.00 |
| Average target | 611.74 |
| Lowest target | 440.00 |
| Current price | 530.70 |
Microsoft price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Microsoft price target and rating?
How analysts rate Microsoft, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
30 of 31 firms rate it buy now, against 29 of 31 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Microsoft analyst upgrades, downgrades and price targets
The latest rating change came on 23 September 2026, when Stifel upgraded Microsoft from Hold to Buy. The most recent new target came from UBS on 29 October 2026: 700.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 29 Oct 2026 | UBS | — | 675.00 → 700.00 | +3.7% | 524.12 |
| 29 Oct 2026 | Scotiabank Patrick Colville | Reiterated · Sector Outperform | 625.00 → 650.00 | +4.0% | 528.37 |
| 29 Oct 2026 | Truist Financial Terry Tillman | Reiterated · Buy | 575.00 → 630.00 | +9.6% | 524.00 |
| 29 Oct 2026 | Cantor Fitzgerald | Reiterated · Overweight | 608.00 → 630.00 | +3.6% | 531.01 |
| 29 Oct 2026 | Guggenheim John DiFucci | Reiterated · Buy | 675.00 → 595.00 | -11.9% | 531.01 |
| 29 Oct 2026 | Wells Fargo Michael Turrin | Reiterated · Overweight | 725.00 → 750.00 | +3.4% | 531.01 |
| 29 Oct 2026 | BMO Capital Keith Bachman | — | 600.00 → 610.00 | +1.7% | 531.01 |
| 29 Oct 2026 | KeyBanc | Reiterated · Overweight | 600.00 → 625.00 | +4.2% | 531.01 |
| 29 Oct 2026 | Stifel Nicolaus Brad Reback | Reiterated · Buy | 575.00 → 650.00 | +13.0% | 531.01 |
| 29 Oct 2026 | Raymond James Andrew Marok | — | 630.00 → 650.00 | +3.2% | 531.01 |
| 29 Oct 2026 | Bernstein Mark Moerdler | Reiterated · Outperform | 662.00 → 722.00 | +9.1% | 531.01 |
| 27 Oct 2026 | Raymond James Andrew Marok | — | 630.00 | — | 532.60 |
| 26 Oct 2026 | Scotiabank Patrick Colville | Reiterated · Sector Outperform | 615.00 → 625.00 | +1.6% | 526.21 |
| 26 Oct 2026 | Oppenheimer Brian Schwartz | Reiterated · Outperform | 570.00 → 625.00 | +9.6% | 524.51 |
| 20 Oct 2026 | BMO Capital Keith Bachman | Reiterated · Outperform | 515.00 → 600.00 | +16.5% | 533.52 |
| 19 Oct 2026 | Bernstein | Reiterated · Outperform | 660.00 → 662.00 | +0.3% | 529.05 |
| 15 Oct 2026 | Mizuho Securities Gregg Moskowitz | Reiterated · Outperform | 490.00 → 600.00 | +22.4% | 533.69 |
| 15 Oct 2026 | UBS Karl Keirstead | Reiterated · Buy | 525.00 → 675.00 | +28.6% | 533.69 |
| 14 Oct 2026 | Jefferies | — | 650.00 | — | 533.69 |
| 12 Oct 2026 | Deutsche Bank Brad Zelnick | — | 550.00 → 600.00 | +9.1% | 539.71 |
| 5 Oct 2026 | Scotiabank Patrick Colville | Reiterated · Sector Outperform | 510.00 → 615.00 | +20.6% | 526.36 |
| 5 Oct 2026 | Melius Research Ben Reitzes | — | 430.00 → 665.00 | +54.7% | 517.53 |
| 1 Oct 2026 | Wells Fargo Michael Turrin | Reiterated · Overweight | 625.00 → 725.00 | +16.0% | 512.90 |
| 30 Sept 2026 | Piper Sandler Billy Fitzsimmons | Reiterated · Overweight | 540.00 → 610.00 | +13.0% | 508.96 |
| 23 Sept 2026 | Stifel | Upgraded · Hold → Buy | — | — | — |
| 22 Sept 2026 | Stifel Nicolaus Brad Reback | — | 530.00 → 575.00 | +8.5% | 498.00 |
| 22 Sept 2026 | Oppenheimer Brian Schwartz | Reiterated · Outperform | 515.00 → 570.00 | +10.7% | 501.61 |
| 21 Sept 2026 | Cantor Fitzgerald | Reiterated · Overweight | 522.00 → 608.00 | +16.5% | 493.78 |
| 21 Sept 2026 | Redburn Partners | — | 450.00 → 440.00 | -2.2% | 493.78 |
| 4 Sept 2026 | Stifel Nicolaus | Reiterated · Hold | 400.00 → 530.00 | +32.5% | 510.12 |
| 10 Aug 2026 | Bernstein Mark Moerdler | — | 647.00 → 660.00 | +2.0% | 508.82 |
| 5 Aug 2026 | Tigress Financial Ivan Feinseth | Reiterated · Buy | 680.00 → 690.00 | +1.5% | 488.91 |
| 30 Jul 2026 | UBS Karl Kierstead | — | 480.00 → 525.00 | +9.4% | 451.98 |
| 30 Jul 2026 | D.A. Davidson Gil Luria | — | 650.00 → 550.00 | -15.4% | 449.70 |
| 30 Jul 2026 | Scotiabank | — | 550.00 → 510.00 | -7.3% | 455.48 |
| 30 Jul 2026 | Cantor Fitzgerald | Reiterated · Overweight | 590.00 → 522.00 | -11.5% | 446.31 |
| 30 Jul 2026 | Bernstein | Reiterated · Outperform | 646.00 → 647.00 | +0.2% | 390.54 |
| 30 Jul 2026 | Evercore ISI Kirk Materne | Reiterated · Outperform | 525.00 → 528.00 | +0.6% | 390.54 |
| 30 Jul 2026 | Goldman Sachs Gabriela Borges | — | 600.00 → 640.00 | +6.7% | 390.54 |
| 30 Jul 2026 | Wolfe Research Alex Zukin | — | 525.00 → 550.00 | +4.8% | 390.54 |
| 30 Jul 2026 | Barclays Raimo Lenschow | Reiterated · Overweight | 545.00 → 512.00 | -6.1% | 390.54 |
| 27 Jul 2026 | UBS | Reiterated · Buy | 600.00 → 480.00 | -20.0% | 392.14 |
| 21 Jul 2026 | Morgan Stanley Adam Wood | — | 650.00 → 600.00 | -7.7% | 402.29 |
| 20 Jul 2026 | CLSA | — | 535.00 | — | 393.82 |
| 15 Jul 2026 | Evercore ISI Kirk Materne | Reiterated · Outperform | 510.00 → 525.00 | +2.9% | 384.93 |
| 15 Jul 2026 | Mizuho Securities Gregg Moskowitz | Reiterated · Outperform | 515.00 → 490.00 | -4.9% | 384.93 |
| 10 Jul 2026 | Argus Research Joseph Bonner | Reiterated · Buy | 510.00 | — | 381.85 |
| 7 Jul 2026 | BMO Capital Keith Bachman | Reiterated · Outperform | 505.00 → 515.00 | +2.0% | 392.05 |
| 6 Jul 2026 | Wolfe Research Alex Zukin | Reiterated · Outperform | 675.00 → 525.00 | -22.2% | 385.69 |
| 25 Jun 2026 | Stifel Nicolaus | Reiterated · Hold | 415.00 → 400.00 | -3.6% | 365.46 |
Microsoft EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Microsoft's EPS to grow 18.1% a year until 2029. Over the last 5 years it grew 17.4% a year, and over the last 3 years 22.9%.
Analysts expect Microsoft's revenue to grow 20.7% a year until 2029, faster than over the last 5 years (14.6% a year) and the last 3 years (16.1%).
Revenue
EPS
Does Microsoft beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 6.2% off the result, either way, and their revenue estimate 2.6%, over the last 12 quarters.
- EPS beats
- 112 / 136
- Revenue beats
- 98 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +6.2%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q1 FY2027 | 28 Oct 2026 | 4.72 | 4.89 | +3.6% | 90.62B | 92.28B | +1.8% |
| Q4 FY2026 | 29 Jul 2026 | 4.24 | 4.74 | +11.8% | 87.62B | 90.01B | +2.7% |
| Q3 FY2026 | 29 Apr 2026 | 4.06 | 4.27 | +5.2% | 81.44B | 82.89B | +1.8% |
| Q2 FY2026 | 28 Jan 2026 | 3.90 | 4.14 | +6.2% | 80.31B | 81.27B | +1.2% |
| Q1 FY2026 | 29 Oct 2025 | 3.67 | 4.13 | +12.5% | 75.49B | 77.67B | +2.9% |
| Q4 FY2025 | 30 Jul 2025 | 3.37 | 3.65 | +8.3% | 73.93B | 76.44B | +3.4% |
| Q3 FY2025 | 30 Apr 2025 | 3.22 | 3.46 | +7.5% | 68.44B | 70.07B | +2.4% |
| Q2 FY2025 | 29 Jan 2025 | 3.15 | 3.23 | +2.5% | 68.87B | 69.63B | +1.1% |
| Q1 FY2025 | 30 Oct 2024 | 3.10 | 3.30 | +6.5% | 64.56B | 65.59B | +1.6% |
| Q4 FY2024 | 30 Jul 2024 | 2.93 | 2.95 | +0.7% | 64.38B | 64.73B | +0.5% |
| Q3 FY2024 | 25 Apr 2024 | 2.82 | 2.94 | +4.3% | 60.86B | 61.86B | +1.6% |
| Q2 FY2024 | 30 Jan 2024 | 2.78 | 2.93 | +5.4% | 56.24B | 62.02B | +10.3% |
Microsoft stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Microsoft's earnings grow at the 19.6% a year analysts expect to FY2029, then 15.0% a year, it would earn about 39.13 a share in FY2031. At the P/E it has traded at over the last five years (20.7 to 38.5) that is 810.88 to 1,506.86 a share, or 1,204.48 at its average P/E of 30.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 20.05 | 415.50 | 617.18 | 772.12 |
| FY2028 | 24.07 | 498.72 | 740.80 | 926.78 |
| FY2029 | 29.59 | 613.14 | 910.76 | 1,139.40 |
| FY2030 (extrapolated) | 34.03 | 705.11 | 1,047.37 | 1,310.31 |
| FY2031 (extrapolated) | 39.13 | 810.88 | 1,204.48 | 1,506.86 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (20.7, 30.8, 38.5).
Is Microsoft stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Microsoft's P/E of 27.6 is below the middle of its 5-year range (20.9 to 40.3, median 33.4). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 1.5 on expected growth against 1.9 on its median P/E and past five years' growth. At its usual P/E (33.5 × EPS of 18.14), Microsoft's fair value is 607.48; the price, 530.70, is 12.6% below it. The EPS is without 1.06 a share of one-off gains in its other income, which the business does not repeat. Its forward P/E, on the consensus for FY2027, is 26.5.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (22.3 and 40.3). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 27.64
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 33.37
- Five-year P/E range
- 20.9 – 40.3
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 26.47
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.41
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +15.3%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 195.01146Price 99.09244 | +96.8% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.38270Price 186.68450 | +93.0% | |
| 213.670 | 405.61304Price 213.67507 | +89.8% | |
| 161.160 | 305.48157Price 161.16396 | +89.6% | |
| 160.650 | 299.97225Price 160.65375 | +86.7% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.