Can Microsoft Join Apple In $3T Club? Analyst Says Yes, By Early 2024
Portfolio Pulse from Anusuya Lahiri
Wedbush analyst Daniel Ives has reiterated an Outperform rating on Microsoft Corp (MSFT) with a price target of $375. He believes that Microsoft's Azure and Office 365, along with AI monetization, will add $40 to $50 per share to the company's valuation. Ives also predicts that Microsoft will join Apple in the $3 trillion club by early 2024. He sees the enterprise as the golden opportunity, estimating the AI market opportunity to be an $800 billion market over the next decade.
July 05, 2023 | 1:55 pm
News sentiment analysis
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NEUTRAL IMPACT
Apple is mentioned as a benchmark for Microsoft's potential growth.
Apple is mentioned as a comparison for Microsoft's potential growth, but the news does not directly impact Apple's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Amazon is mentioned as a competitor to Microsoft in the cloud market.
Amazon is mentioned as a competitor to Microsoft in the cloud market, but the news does not directly impact Amazon's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nvidia's guidance is mentioned as a direct AI barometer for Microsoft.
Nvidia is mentioned in relation to Microsoft's AI efforts, but the news does not directly impact Nvidia's stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Microsoft's stock is expected to rise due to strong performance in Azure and Office 365, and potential AI monetization.
The analyst's positive outlook on Microsoft's cloud and AI services, along with a high price target, suggests a potential increase in the company's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100