HTSC's report stated that Microsoft (MSFT.US) released Microsoft 365 Copilot wave2.0, integrating Web+Work+Pages into a new design system for knowledge work. The update mainly includes the release of the multi-user AI collaboration canvas Copilot Pages, the Copilot feature update in Microsoft 365 applications, and the launch of Copilot Agents.

The report indicates that this release further strengthens the AI capabilities of Microsoft's core products, bullish on the commercialization process of Microsoft's AI products, with an expected EPS of $13.86, $16.04, and $18.65 for the fiscal years 2023 to 2025 respectively. The comparable average P/E ratio for the company for the fiscal years 2024 and 2025 is 30.3 times, taking into account the company's advantage and leading AI layout, giving a P/E ratio of 37 times for the fiscal year 2025, with a target price of $512.72, maintaining a "buy" rating.