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Key facts: Wells Fargo has increased its price target for Microsoft (MSFT) shares to $675.00, up from the previous target of $650.00.

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  • Wells Fargo has increased its price target for Microsoft (MSFT) shares to $675.00, up from the previous target of $650.00.1
  • Microsoft is testing an ad-supported Xbox Cloud Gaming version, allowing users to play without a Game Pass. Users can stream games after two minutes of ads, limited to five hours monthly.2
  • Microsoft shares rose 1% after clarifying rumors about ending Xbox consoles. The company confirmed its commitment to future consoles and ongoing collaboration with AMD for hardware upgrades.3