Melius just gave Microsoft another AI halo

Another day, another Microsoft bull case

Melius is back with a shiny new call on Microsoft, lifting the stock with a $665 price target and a Buy rating. The pitch is basically: if you believe AI is the next giant software bill, Microsoft still looks like the company cashing the checks.

Why AI security is the new shiny object

The note leans on Microsoft’s AI security angle, which is a fancy way of saying the company isn’t just selling Copilot hype — it’s trying to lock down the whole AI stack too. That matters because the enterprise world loves two things: productivity and not getting hacked into a cautionary tale.

The bigger number hiding in the weeds

The article also tees up a much more aggressive bull thesis, suggesting the path to a $1,145 share price if Microsoft keeps executing. That’s the kind of number that sounds wild until you remember Wall Street loves a long runway and a very long spreadsheet.

• The near-term takeaway: Microsoft keeps drawing analyst upgrades like it’s the popular kid in class.
• The investor takeaway: if AI security becomes a bigger revenue stream, the market may keep giving MSFT the premium treatment.

Big picture: when analysts start arguing over whether the upside ends at $665 or stretches toward $1,145, the market is telling you this is still a “show me more” AI story — not a “the party is over” one.