Reported 2 days ago
Microsoft (MSFT) is anticipated to see significant growth in Q4, driven by its Cloud and AI strategy, according to UBS analyst Karl Keirstead, who raised the stock's price target from $500 to $600. Positive earnings revisions and strong Azure growth are expected, with enterprise customer sentiment improving. Investors predict Azure's growth at 36% for June, despite a slowdown forecasted for September. Overall, Microsoft's focus on AI and cloud solutions is increasingly viewed favorably, enhancing its investment potential.
Source: YAHOO