Microsoft: Wedbush raises TP again
(CercleFinance.com) - On Monday Wedbush Securities raised its target price for Microsoft shares from $340 to $375, while renewing its "outperform" rating on the stock.
According to the US broker, the dazzling forecasts presented last week by Nvidia confirm the materiality of the monetization that the Redmond giant could rapidly derive from artificial intelligence.
It believes that the integration by the software group, not only of ChatGPT, but of AI-related tools as a whole, is likely to generate the bulk of the group's growth over the coming years.
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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.
According to the US broker, the dazzling forecasts presented last week by Nvidia confirm the materiality of the monetization that the Redmond giant could rapidly derive from artificial intelligence.
It believes that the integration by the software group, not only of ChatGPT, but of AI-related tools as a whole, is likely to generate the bulk of the group's growth over the coming years.
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.