Why Microsoft Stock Is Up Today
Portfolio Pulse from Ryan Gustafson
Microsoft Corporation (NASDAQ:MSFT) shares are rising after Mizuho and JP Morgan raised their price targets on the stock. JP Morgan maintained Microsoft at Overweight and raised the price target from $315 to $350, while Mizuho maintained Microsoft at Buy and raised the price target from $340 to $360.

June 15, 2023 | 7:40 pm
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POSITIVE IMPACT
Microsoft shares are up after Mizuho and JP Morgan raised their price targets, with JP Morgan raising from $315 to $350 and Mizuho from $340 to $360.
Microsoft's stock price is likely to experience a short-term positive impact due to the raised price targets by Mizuho and JP Morgan. These price target increases indicate increased confidence in Microsoft's ability to monetize generative AI and an accelerated path to $10 billion in the company's AI business. As a result, investors may view this news as a positive signal for the company's growth prospects, leading to a potential increase in demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100