This Artificial Intelligence (AI) Growth Stock Could Be Worth $3 Trillion by 2024, According to Wall Street
Morgan Stanley analysts, led by Keith Weiss, recently ranked (NASDAQ: MSFT) as their "top pick" among large-cap software companies, citing growth prospects in generative artificial intelligence (AI) and a sensible valuation. The analyst team also raised its 12-month price target on Microsoft to $415 per share, implying a 25% upside from its current share price. That price target also implies a valuation of nearly $3.1 trillion by mid-2024 at the latest.
Here's what investors should know about this AI growth stock.
Microsoft accounted for 16.4% of software-as-a-service revenue last year, taking nearly twice as much market share as its closest competitor, and Microsoft Azure currently serves 95% of the Fortune 500 in some capacity. In short, the tech giant offers a broad range of software products and cloud services that collectively form the IT backbone for many modern businesses.
Source Fool.com
Microsoft Corp. Aktie
Microsoft Corp. sticht hervor mit 109 Buy- und nur 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 426 € für Microsoft Corp. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 379.6 € hin.
