Microsoft Price Target Raised to $526 by Argus Amid Strong AI and Cloud Prospects
From Financial Modeling Prep: 2024-07-09 17:10:00
Argus analysts raised Microsoft’s price target to $526 with a Buy rating, citing the company’s position in generative AI and cloud technology. Despite macroeconomic challenges, Microsoft’s diversified assets make it an attractive investment. The company’s integrated product offerings aim to enhance enterprise efficiency, cloud transformation, collaboration, and business intelligence, supported by a large customer base and strong financials.
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