1 Wall Street Analyst Thinks Microsoft Stock Is Going to $500. Is It a Buy?
(NASDAQ: MSFT) stock has been on a tear, gaining 50% over the past year as it comes within striking distance of a new all-time high. The company is reaping the rewards of its early pivot to embrace artificial intelligence (AI), a move that's expected to pay dividends for years to come.
Wedbush analyst Dan Ives recently maintained a buy rating on the stock and boosted his price target to $500 -- up from $475. The latest price target is 19% higher than Tuesday's closing price. There's one key reason analysts and investors alike should be bullish on Microsoft stock.
While many businesses are talking about AI, Microsoft is actually doing something about it. The company has integrated AI tools across a great many of its products and services. In Microsoft's fiscal 2024 second quarter (ended Dec. 31), the company grew revenue 18% year over year to $62 billion.
Source Fool.com
Microsoft Corp. Aktie
Überwältigendes Buy-Interesse bei Microsoft Corp., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Ein leicht positives Kursziel von 426 € für Microsoft Corp. gegenüber dem aktuellen Kurs von 379.6 € wird gesehen.
