(NASDAQ: MSFT) has been one of the clear early winners of the shift to artificial intelligence (AI). It was quick to recognize the potential implications and developed generative AI tools that are integrated across Microsoft's vast portfolio of products and services.

Despite being the world's most valuable company (in terms of market cap), one Wall Street investment bank believes there's more upside to come.

RBC Capital analyst Rishi Jaluria raised his price target on Microsoft to $500 while maintaining an outperform (buy) rating on the stock. For those keeping score at home, that represents potential upside of 18% compared to its closing price on Monday. Furthermore, with 7.4 billion shares outstanding, a $500 stock price would push Microsoft's market cap to $3.7 trillion.

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Source Fool.com