Analysts Bullish On Microsoft's AI Expansion, Predict Significant Revenue Boost from Copilot, Cloud Services
Portfolio Pulse from Anusuya Lahiri
Analysts from Wedbush, Oppenheimer, and Mizuho Securities are bullish on Microsoft Corp's AI expansion, particularly with its Copilot functionality. Wedbush raised the price target from $400 to $425, predicting significant adoption and a potential $20 billion revenue addition by FY25. Microsoft's AI and cloud services are expected to drive growth and margins in FY24 and FY25. Early Copilot users report a 29% increase in task efficiency. Mizuho highlighted Microsoft's upcoming custom silicon chips for AI and cloud, maintaining a Buy rating and a $420 price target. Microsoft shares traded higher by 1.50% at $375.16.
November 16, 2023 | 5:46 pm
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Analysts are optimistic about Microsoft's AI expansion and Copilot's potential to boost revenue, with price targets raised and expectations of significant growth in the AI sector.
The positive sentiment from multiple analysts, including raised price targets and projections of significant revenue growth from AI and cloud services, suggests a strong short-term bullish impact on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100