# Bernstein analyst Mark Moerdler reiterated an ‘Outperform’ rating on the stock and maintained a price target of $641.

*genai · news · 2026-04-28 · Finbold*

## Key points

- The updated Microsoft-OpenAI partnership gives Microsoft flexibility to use internal, OpenAI, or third-party AI models.
- This revised structure reduces Microsoft's perceived dependency risk on OpenAI and strengthens its AI positioning.
- Both Microsoft and OpenAI have become more operationally independent over the past year.
- Bernstein maintained an 'Outperform' rating on Microsoft with a $641 price target, suggesting 50% upside.

**Companies:** Microsoft
**Countries:** United States

[Read the full story on Finbold](https://finbold.com/wall-street-analyst-updates-microsoft-msft-stock-price-target-2/)

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