Key Takeaways

• Microsoft stock set a fresh all-time high intraday Wednesday and is on pace to close at a record high for the 12th time this month.
• Wells Fargo and Wedbush raised their price targets on the stock given Microsoft's strength in AI monetization.
• All 19 brokers tracked by Visible Alpha have a "buy" or equivalent rating for Microsoft stock.

Wall Street is growing even more bullish on Microsoft (MSFT), whose shares set another all-time high Wednesday. 

In a note to clients Tuesday, Wells Fargo raised its price target to $585 from $565, representing a 19% premium over Microsoft's closing level yesterday of $490.11.

Microsoft shares hit a record intraday level of $494.56 Wednesday and recently were trading around $491. If it holds, it would mark the tech titan's 12th record close in 17 June trading sessions.

"We acknowledge shares are trad...