Woofun AI reports that Deutsche Bank maintains a "Buy" rating for Microsoft with a $550 target price, arguing that market anxieties surrounding capital expenditure and OpenAI order concentration are overstated. The bank forecasts fourth fiscal quarter revenue of $87.4 billion, representing a 14.3% year-on-year increase, alongside non-GAAP earnings per share of $4.17.

Azure growth at constant exchange rates is projected to reach 40% to 41%, driven by enterprise cloud migration and AI computing demand. Microsoft 365 commercial cloud revenue is expected to rise by 15% to 16%, while Copilot paid seats may surpass 25 million by year-end.