(CercleFinance.com) – Wedbush Securities on Monday raised its price target on Microsoft, which it raised from 340 to 375 dollars, while renewing its ‘outperformance’ opinion on the stock.
According to the American research department, the breathtaking forecasts presented last week by Nvidia confirm the materiality of the monetization that the Redmond giant could quickly draw from artificial intelligence.
In his view, the software group’s integration of not just ChatGPT but AI-related tools as a whole is likely to drive the bulk of the group’s growth in the coming years.
Combined with the market share gains made at the expense of Amazon AWS and the rise of Office 365 – which should also support growth and margins – all of these elements can, according to Wedbush, add between 40 and 50 dollars per share to the valuation by the sum of the parts of the title Microsoft.
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