Microsoft Stock Gets Price-Target Hike On Cloud, AI Businesses
A Wall Street analyst on Monday raised his price target on Microsoft (MSFT) stock, saying the software giant will benefit as artificial intelligence applications drive more cloud infrastructure usage.
Melius Research analyst Ben Reitzes reiterated his buy rating on Microsoft stock and upped his price target to 595 from 520.
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What Is An Extended Stock And When Should You Avoid Buying Strength?
On the stock market today, Microsoft stock dipped a fraction to close at 503.02.
“The demand for AI-driven solutions should continue to drive increases in infrastructure capacity, with companies like Microsoft, Amazon,…