Wedbush has reaffirmed its 'outperform' rating on Microsoft, with its price target raised from $450 to $475, the day after the company's quarterly results were described as a 'masterpiece worthy of being displayed in the Louvre'.

'Microsoft delivered robust results, beating expectations on both revenue and profit, thanks to Azure growth of 30% exceeding consensus of 27%, against a backdrop of strong consumer demand', says the broker.

More importantly, Copilot conversions seem to be exploding across the Microsoft ecosystem, as the AI Revolution has begun with partners and customers lining up for Copilot deployments', it points out.

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