Will Artificial Intelligence (AI) Drive Microsoft Stock to $550? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
However, for serious investors, short-term stock price movements are completely meaningless, but the logi c behind the analysts' sentiments can provide valuable insight into what's ahead for the company. Such is the case here. Wedbush analyst Dan Ives maintained a buy rating on Microsoft (NASDAQ: MSFT) stock while increasing his price target to $550, up from $500, noting the company is part of the firm's "Best Ideas List." That represents potential gains for investors of 24% compared to Friday's closing price. Microsoft stock has gained 73% (or 20% annually) over the past three years, so forecasting 24% gains over the coming 12 months isn't that much of a stretch. Ives cites recent channel checks for his bullish call, saying there's a "tidal wave of Copilot and Azure monetization now on the doorstep" for Microsoft. He estimates that artificial intelligence (AI) will generate $25 billion in incremental revenue in fiscal 2025. The analyst's forecast could well be conservative. Eve
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