Brokerages have raised its mean target price to US$560.90Microsoft’s shares closed more than 15 per cent higher on Thursday. PHOTO: REUTERSMICROSOFT added nearly US$450 billion in market value on Thursday (Jul 30), the largest one-day gain on record for a company, after it forecast stronger-than-expected cloud growth and signaled continued cash generation through its new fiscal year. Microsoft has lagged some of its “Magnificent Seven” peers this year, with its stock down more than 18 per cent up to Wednesday’s close. At least nine brokerages raised the target price on the stock, with the mean target now US$560.90. Microsoft said its spending plans remain unchanged and that it expects capital expenditures of US$50 billion for the fiscal first quarter of 2027 and US$175 billion for the 2026 calendar year.