Microsoft ($MSFT) rose on April 28, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
Expanding Anthropic partnership; job reductions announced; earnings week
The Bull Case
Up 0.92% on session; Anthropic partnership diversifies AI exposure beyond OpenAI; strong RSI at 64.85; reasonable P/E of 26.8x; enterprise cloud demand remains solid
The Bear Case
Job reductions signal cost pressures; OpenAI concerns could impact Azure AI revenue growth; RSI elevated suggests near-term pullback risk; target of $567.14 implies significant upside priced in
Price Target & What to Watch
Target: $567.14 (vs. current $428.73)