Microsoft Upgraded at Stifel as Firm Says Tech Giant Is 'Getting Back on Track' (MSFT:NASDAQ)
Stifel said artificial intelligence growth and Azure spending support stronger revenue and margins as 57 of 60 analysts rate Microsoft a buy or strong buy.
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9 Articles
Microsoft Rises as One of Last Analyst Holdouts Turns Bullish
Microsoft Corp. was upgraded to buy from hold at Stifel, in what represents a vote of confidence from one of the few Wall Street’s firms that were cautious on the stock after its lagging run this year. The shares gained nearly 1% in pre-market trading.
The research house Stifel has upgraded Microsoft from hold to buy and set the target price at $575. This represents an upside of just over 14 percent from the price level of $502.7 when the analysis was published. The message is clear: the AI investment has stopped costing and started paying off. For a long time, the image of Microsoft was characterized by concern. Massive investments in AI infrastructure risked crushing margins without generati…
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