Microsoft's 'iPhone Moment:' Analyst Sees 19% Upside For Tech Giant's Stock As Copilot AI Usage Surges
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives has maintained an Outperform rating on Microsoft Corp. (NASDAQ:MSFT) and raised the price target from $475 to $500, indicating a 19% upside. This adjustment is based on bullish AI customer checks and the transformative monetization of Copilot, which is expected to significantly impact Microsoft's cloud growth trajectory. Ives predicts a surge in Azure cloud deal flow and a $25 to $30 billion increase in Microsoft's topline by fiscal 2025 due to Copilot's deployment.
March 26, 2024 | 9:26 am
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Microsoft's stock price target has been raised from $475 to $500 by Wedbush analyst Daniel Ives, indicating a potential 19% upside. This is due to bullish AI customer checks and the transformative impact of Copilot on Microsoft's cloud growth and revenue.
The upgrade in Microsoft's stock price target is directly tied to the optimistic outlook on its AI capabilities, particularly the Copilot platform. The expected increase in Azure cloud deal flow and the projected $25 to $30 billion addition to Microsoft's topline by fiscal 2025 due to Copilot's deployment are significant factors contributing to the positive impact on Microsoft's stock. The analyst's comparison to an 'iPhone Moment' underscores the transformative potential of Copilot on Microsoft's business.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100