(CercleFinance.com) – Wedbush Securities raised its price target on Microsoft on Monday, from $500 to $550, while renewing its ‘outperform’ opinion on the stock.
In a research note, the broker says it is increasingly optimistic about the wave of investments driving AI, saying it anticipates an ‘acceleration’ in the field after speaking with professionals in the sector.
According to Wedbush, Microsoft is currently benefiting from a dynamic comparable to that experienced by Apple at the time of the launch of the iPhone, a prospect likely to change the growth trajectory of the Redmond group.
According to its calculations, the American software giant could see its turnover increase by $25 billion by the 2024/2025 financial year.
The title thus remains on the list of its best investment ideas (‘Wedbush Best Ideas List’).
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