Microsoft: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains its buy rating on the Microsoft stock, while raising its target price for it to $400 (cp: $314, -0.
5%).

"It is clear MSFT plans to leverage its partnership with OpenAI in pursuit of the AI opportunity," the analyst begins.

While Microsoft expects to begin deploying enterprise AI capabilities at scale during 2023, Jefferies believes that this momentum will continue to accelerate, "We see momentum continuing to accelerate, with monetization uplift before year-end".



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