New Delhi, Sept. 24 -- Stifel analyst Brad Reback called it "getting back on track." What the note actually said, in the numbers that enterprise sales teams care about, was more specific: Microsoft's Copilot has crossed the engagement threshold that separates tools that survive budget reviews from ones that get quietly cut.

MSFT) from Hold to Buy on Tuesday, lifting his price target from $530 to $575, as Seeking Alpha reported. The call arrived on a day that was otherwise difficult for technology shares, with the Nasdaq falling 1.1% and the 10-year Treasury yield climbing to 5.11%, its highest level since 2007. MSFT ended the session at $500.84, up 0.57%, holding ground that most of the sector surrendered.

The engagement data is what ma...