Microsoft: UBS raises its price target
(CercleFinance.com) - UBS announced on Wednesday that it has raised its price target on Microsoft from $500 to $525, while maintaining its buy recommendation on the stock.
In a note, the analyst looks back at the many debates that have recently animated the AI sector, starting with the fear that some market players are over-investing in their capabilities.
Despite these questions, UBS says it has decided to raise its earnings estimates on the American giant, which it still considers to be one of the best specialists in the field, whether on the customer side or in workload management.
Although it acknowledges that market sentiment is improving somewhat, the research firm still sees the situation as "mixed", notably due to concerns about the acceleration of Azure, its cloud division.
UBS also acknowledges concerns about the group's high level of investments, as well as uncertainties about the evolution of its relationship with OpenAI.
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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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
In a note, the analyst looks back at the many debates that have recently animated the AI sector, starting with the fear that some market players are over-investing in their capabilities.
Despite these questions, UBS says it has decided to raise its earnings estimates on the American giant, which it still considers to be one of the best specialists in the field, whether on the customer side or in workload management.
Although it acknowledges that market sentiment is improving somewhat, the research firm still sees the situation as "mixed", notably due to concerns about the acceleration of Azure, its cloud division.
UBS also acknowledges concerns about the group's high level of investments, as well as uncertainties about the evolution of its relationship with OpenAI.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.