From NASDAQ.:



Analysts at Oppenheimer and Wells Fargo have named Microsoft (MSFT) stock as a top pick for 2024, with a “buy” rating and price targets at $410 and $425 per share, respectively. This is due to Microsoft’s dominant role in artificial intelligence, which it is now beginning to monetize. Even though MSFT stock gained 57% in 2023, it has been trailing compared to other AI leaders like Nvidia and C3.ai. Microsoft’s involvement in OpenAI and its internal development of microchips for AI technology are also seen as positive factors. Additionally, Microsoft continues to report strong earnings and growth in its Azure cloud-computing and gaming units, which makes it an attractive investment for 2024. The article recommends buying MSFT stock for its future potential and continued growth.



Original: Why Microsoft Stock Is A Top Pick For 2024