Microsoft, Amazon And Google Among Best AI Investment Bets: Analysts
Portfolio Pulse from Benzinga Neuro
TD Cowen has expressed increased optimism for the prospects of major cloud computing vendors including Amazon Inc, Microsoft Corporation, and Google-parent Alphabet Inc, driven by the potential of generative artificial intelligence (AI) projects. The analyst team maintained Outperform ratings for these tech giants, based on their recent annual survey results from 680 U.S. technology customers. The survey indicated a positive outlook for Amazon Web Services, Microsoft Azure, and Google Cloud Platform. TD Cowen set the stock price target at $165 for Amazon, $390 for Microsoft, and $150 for Alphabet.
September 26, 2023 | 7:43 am
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POSITIVE IMPACT
TD Cowen maintains an Outperform rating for Amazon, driven by the potential of AI projects. The stock price target is set at $165.
The positive outlook from TD Cowen, based on the potential of AI projects, is likely to boost investor confidence and could lead to a short-term increase in Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TD Cowen maintains an Outperform rating for Alphabet, driven by the potential of AI projects. The stock price target is set at $150.
The positive outlook from TD Cowen, based on the potential of AI projects, is likely to boost investor confidence and could lead to a short-term increase in Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TD Cowen maintains an Outperform rating for Microsoft, driven by the potential of AI projects. The stock price target is set at $390.
The positive outlook from TD Cowen, based on the potential of AI projects, is likely to boost investor confidence and could lead to a short-term increase in Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100