MSFT Stock Jumped 9% After Earnings Despite Top Bank Target Cut

The MSFT stock price target is getting plenty of attention right now, and for good reason. Microsoft shares jumped 9% on Wednesday, right after Microsoft Q4 earnings 2026 numbers landed, and that came just a day after a top bank had actually trimmed its MSFT stock price target. Shares actually rose about 9% to $426.03 in after-hours trading, which lines up exactly with the headline move everyone’s been talking about.

At the time of writing, analysts are still picking apart the Microsoft earnings report, but the numbers were hard to argue with, $90 billion in revenue and $4.81 per share, well above the $4.24 per share and $87.62 billion Wall Street had expected. The Microsoft stock price move shows just how much weight Azure carries with investors, and it also shows that an MSFT stock price target cut, even from a well known bank, doesn’t always set the tone on earnings day.

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MSFT Stock Price Target After Microsoft Q4 Earnings 2026

So there are really two stories worth telling when it comes to the MSFT stock price target picture this week. There’s the cautious call Scotiabank made before Microsoft Q4 earnings 2026 even came out, and then there’s what actually happened once the Microsoft earnings report landed on Wednesday afternoon.

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