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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