The bank called Microsoft stock a"Top Pick" and said it has 22% upside potential from current levels thanks to its"pole position" in the generative AI race that should help it quickly monetize the growing trend.
The bank increased its price target for Microsoft by 24% to $415 from $335. Microsoft shares traded up more than 1% on Thursday to $342.85 per share.represents a potential $90 billion incremental opportunity for the company in 2025 as the company integrates generative AI technologies across its software offerings.
And investors should see the impact of AI on Microsoft's financials sooner rather than later as increased datasets flow into bigger revenues for Microsoft's Azure cloud service.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »