With a strong partnership with OpenAI and a controversial acquisition of Activision Blizzard, Microsoft has experienced significant growth over the past 18 months. This growth has propelled them to the position of the world’s largest company by market capitalization as of the beginning of 2024.
Although Microsoft’s stock price currently stands at $423.58, representing a 14.24% increase year-to-date, the year has been marked by volatility and a general slowdown. Despite this, experts remain confident in Microsoft’s ability to continue growing. Recent ratings revisions from Wall Street analysts suggest that Microsoft’s partnership with Inflection, an AI firm, is promising and sustainable.
Oppenheimer and Wells Fargo have both reaffirmed their ‘buy’ ratings for Microsoft, with price targets of $500 per share. These analysts believe that Microsoft will continue its upward trajectory, with the potential for significant growth in the coming months.
Analysts across the board are overwhelmingly bullish on Microsoft, with 32 out of 33 experts rating the stock as a ‘buy.’ The average price target represents a 16.45% increase for Microsoft, with the highest target predicting a climb to $600 per share.
Overall, experts anticipate that Microsoft will continue its impressive growth trajectory, despite challenges from the FTC. Investors may want to consider buying stocks now, as Microsoft’s future looks bright.
