Microsoft: Jefferies raises its target price
(CercleFinance.com) - Jefferies maintains its buy rating on Microsoft shares, while is raising its target price for them to $400.
"It is clear MSFT plans to leverage its partnership with OpenAI in pursuit of the AI opportunity," the analyst said.
While Microsoft expects to begin deploying enterprise AI capabilities on a large scale in 2023, Jefferies believes that this momentum will continue to accelerate, "with monetization uplift before year-end".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"It is clear MSFT plans to leverage its partnership with OpenAI in pursuit of the AI opportunity," the analyst said.
While Microsoft expects to begin deploying enterprise AI capabilities on a large scale in 2023, Jefferies believes that this momentum will continue to accelerate, "with monetization uplift before year-end".
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.