Morgan Stanley On Microsoft Ahead Of Q1: Optimistic on AI Future Despite Early Innovation Cycle
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley analyst Keith Weiss remains optimistic about Microsoft's future in Generative AI, maintaining an Overweight rating and a price target of $415. Despite Microsoft being in the early stages of the innovation cycle, Weiss believes that momentum will build through FY24. Loop Capital analyst Yun Kim also initiated coverage on Microsoft with a Buy rating and a price target of $425. However, investors are cautioned to consider the timing of enterprise adoption cycles when assessing generative AI impacts in Azure.
October 17, 2023 | 3:51 pm
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Analysts from Morgan Stanley and Loop Capital have expressed optimism about Microsoft's future in Generative AI, setting price targets of $415 and $425 respectively. However, they caution investors to consider the timing of enterprise adoption cycles.
The analysts' positive outlook and high price targets for Microsoft indicate their belief in the company's strong positioning in the AI sector. This could potentially drive the stock price up in the short term. However, the caution about considering the timing of enterprise adoption cycles suggests that the impact of Microsoft's AI innovations on its stock price may not be immediate.
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