Ahead of MSFT's upcoming Q2 Fiscal 2025 earnings, Evercore analyst Kirk Materne reaffirmed a Buy rating on Microsoft stock with a price target of $500. The analyst feels that Azure's reacceleration and some normalization in the company's capex growth in the second half of Fiscal 2025 could help investors refocus on the long-term durability of MSFT's revenue and EPS growth.