Benzinga(@Benzinga):Dan Ives (@DivesTech) calls Microsoft ($MSFT) a “barometer” for enterprise AI spending after Azure revenue jumped 48% year over year. He maintained an Outperform rating and $615 price target as Microsoft’s commercial backlog reached $677B.

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Benzinga@Benzinga

2026.10.29 21:40

Dan Ives (@DivesTech) calls Microsoft ($MSFT) a “barometer” for enterprise AI spending after Azure revenue jumped 48% year over year. He maintained an Outperform rating and $615 price target as Microsoft’s commercial backlog reached $677B.

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