Argus Trims Microsoft Price Target to $510, Maintains Buy With 32% Upside

MSFT0.19%
According to TheFly, on Friday, Argus analyst Joseph Bonner trimmed Microsoft's price target to $510 from $620 while maintaining a Buy rating, implying nearly 32% upside from current levels. Bonner said Microsoft continues pursuing long-term growth through sustained investments in artificial intelligence and cloud computing. CEO Satya Nadella has characterized generative AI as a rare shift in fundamental computing paradigms. The analyst acknowledged market concerns over Microsoft's AI spending scale but noted those concerns are not reflected in the company's continued revenue growth and healthy profit margins.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments