Microsoft's AI Opportunity is Likely Bigger Than Cloud, Analysts Say While Boosting Expectations
Portfolio Pulse from Anusuya Lahiri
Analysts from Piper Sandler and Credit Suisse have raised their price targets for Microsoft (NASDAQ: MSFT) to $400 and $420, respectively, citing the company's potential in AI, which could be more significant than its cloud business. The analysts believe that AI tailwinds could accelerate top-line growth for the next three years.
May 31, 2023 | 6:43 pm
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Microsoft's AI potential could be more significant than its cloud business, leading analysts to raise price targets to $400 and $420. AI tailwinds may accelerate top-line growth for the next three years.
The article highlights that analysts from Piper Sandler and Credit Suisse have raised their price targets for Microsoft, citing the company's potential in AI. They believe that AI tailwinds could accelerate top-line growth for the next three years, which would positively impact the stock price in the short term.
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