Artificial intelligence-driven gains can propel Microsoft Corp. to join Apple Inc. in the elite category of stocks with a market capitalisation of more than $3 trillion.
The analysts, led by Keith Weiss, named Microsoft their top pick among large-cap software companies, and said that it is the best placed in the sector to benefit from the growth of AI. , or the price-earnings multiple divided by the expected percentage growth in earnings, “remains in line with historical averages, despite the unrivaled generative AI positioning,” he wrote.Weiss raised his price target to $415 from $335. That’s the second highest among analysts tracked by Bloomberg after Redburn’s $450 target.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: