Microsoft and a major chemical stock were among Friday's biggest analyst calls. Many analysts reacted to the tech giant's latest quarterly results, which sent shares soaring in the premarket. Elsewhere, JPMorgan upgraded Dow Inc to overweight from neutral. Check out the latest calls and chatter below. All times ET. 5:58 a.m.
JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. Murphy pointed to the ramp up in cloud migration activity, which he said showed improvement in non-AI-related net-new cloud workloads. The company's commentary on FY25 capital expenditures and margin commentary "may keep a lid on the stock reaction for now," however, he said. Morgan Stanley: Analyst Keith Weiss similarly maintained his overweight rating with a more bullish $520 price target.