'First Time In 2 Decades Microsoft Is Not Playing From Behind In Emerging Tech Trend' - Analyst
Portfolio Pulse from Anusuya Lahiri
Stifel analyst Brad R. Reback reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $390. The analyst highlighted Microsoft's potential to leverage its AI leadership position to accelerate share gains across its platforms. This is the first time in over two decades that Microsoft is not playing from behind in an emerging tech trend. The analyst expects the coming AI cycle to allow Microsoft to sustain double-digit revenue and profitability growth for years to come.
November 01, 2023 | 6:40 pm
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Microsoft's potential to leverage its AI leadership position to accelerate share gains across its platforms has been highlighted by a Stifel analyst. The analyst expects the coming AI cycle to allow Microsoft to sustain double-digit revenue and profitability growth for years to come.
The analyst's positive outlook on Microsoft's potential to leverage its AI leadership for share gains and sustain double-digit revenue and profitability growth is likely to have a positive impact on the company's stock in the short term. The reiterated Buy rating and the price target of $390 further support this view.
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IMPORTANCE 90
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