Price Target Raised by Morgan Stanley
Analyst Keith Weiss of Morgan Stanley adjusted Microsoft’s 12-month price target from $335 to $415 while keeping an Overweight rating on the stock.
Weiss explained his decision by highlighting Microsoft’s strength in integrating artificial intelligence (AI) into its operations, particularly in generative AI, which demonstrates vast potential for automating various business processes. He described Microsoft as being well-positioned to exploit and monetize this expansion.
Weiss further emphasized that Microsoft is likely to be among one of the primary beneficiaries when it comes to monetizing AI.
Analysts Express Bullish Outlook on Microsoft
Other analysts also share a positive outlook on Microsoft, largely due to the company’s significant exposure to the field of AI.
According to FactSet’s survey of 51 analysts, 43 consider Microsoft a Buy, while seven rate it as a Hold. A single analyst has assigned a Sell rating to the stock.
In addition, Wedbush Analyst Dan Ives rates Microsoft’s stock as Outperform, setting a price target of $375, and believes the company is poised for future growth with AI serving as the “next leg of growth” for the stock.
In 2023, Microsoft’s shares have already risen by an impressive 42%.