If I Could Only Buy 1 Stock Right Now, This Would Be It
After a challenging 2022 that saw macroeconomic headwinds trigger a dramatic sell-off, many stocks have enjoyed significant growth this year. The turnaround is primarily owed to a boom in artificial intelligence (AI) that has made Wall Street bullish about tech stocks again.
(NASDAQ: MSFT) emerged as one of the most exciting AI companies in 2023 thanks to a lucrative partnership with the firm behind ChatGPT and endless opportunities to monetize its AI venture. Meanwhile, a recent acquisition in its video games division could offer consistent boosts to revenue over the long term.
As the world's second-most valuable company with a market capitalization of $2.5 trillion, Microsoft has a long history of rewarding patient investors. Consistent growth and a promising outlook make Microsoft's stock an attractive option. So, here's why if I could only buy one stock right now, Microsoft would be it.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 5.79% for Microsoft Corp. compared to the current price of 397.0 €.
