Is Microsoft Stock Going to $475? 1 Wall Street Analyst Thinks So
On a red day for the stock market, Microsoft (NASDAQ: MSFT) investors, at least, were happy to hear that CFRA analyst Angelo Zino raised his price target on Microsoft stock to $475 per share.
You will no doubt be shocked to learn that the reason he raised his price target has something to do with artificial intelligence (AI).
Specifically, Zino argued that Microsoft's Azure cloud computing division -- already the company's biggest business by both revenues and profits, earning $37.9 billion on $87.9 billion in revenue last year -- grew a further 29% in Q1 2024. Zino says AI work contributed up to 8 percentage points of the growth.
Source Fool.com
Microsoft Corp. Aktie
379,60 €
-1,06 %
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.
