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Investing.com - Wedbush raised its price target on Microsoft (NASDAQ:MSFT) to $600 from $515 on Wednesday, while maintaining an Outperform rating on the stock. Microsoft’s strong fundamentals support this bullish outlook, with the company trading below its Fair Value according to InvestingPro analysis.
The research firm cited "incrementally bullish" artificial intelligence customer checks that revealed a "massive adoption wave" of Microsoft’s Copilot and Azure monetization opportunities. This aligns with Microsoft’s impressive 17% revenue growth and robust operating margins of 44% in recent quarters.
Wedbush observed that deal conversions for broader enterprise-scale AI deployments are "accelerating" in the field as the "AI Revolution takes hold" across various industries.
The firm highlighted that many Microsoft customers are now focused on deploying enterprise AI use cases across multiple sectors, with financial services, government, and retail emerging as "clear standouts" in adoption.
Microsoft remains on Wedbush’s "Best Ideas List," with the firm describing this period as Microsoft’s "shining moment" as AI is poised to change the cloud growth trajectory for the Redmond-based technology giant.
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