Commentary and demonstrations from Microsoft 's recent AI-focused Envision event are giving Wall Street more reasons to get bullish on the technology giant. At the event held in New York on Wednesday, Microsoft highlighted generative artificial intelligence solutions and capabilities, including its Copilot subscription service. The company announced pricing earlier this year for the product, which adds AI capabilities to Microsoft's Office suite.
mountain Microsoft shares since the start of 2023 "Notwithstanding a more difficult operating environment, we remain confident that MSFT's growth opportunities over the medium-term and beyond are greater than many realize, and this includes significant Generative AI monetization," said Mizuho analyst Gregg Moskowitz in a Thursday note, reiterating his buy rating and $420 price target.