The first day of Microsoft Corp (NASDAQ:MSFT) Build 2024 left an impression on industry analysts.
The Redmond, Washington-based company highlighted its position in artificial intelligence and innovation technology. Here are the key takeaways from Goldman Sachs and Mizuho Securities.
Goldman Sachs is strengthening its buy score with a 12-month price target of $515, reflecting a 20% increase over the existing value. Analyst Kash Ryan’s confidence stems from several important observations:
Goldman Sachs concludes that Microsoft’s continued hardware and AI inventions, particularly its leadership position, make it an interesting buy.
Mizuho Securities analyst Gregg Moskowitz, CFA, also reiterated a buy score for Microsoft, setting a price target of $450. The research focuses on the deep integration of AI into Microsoft products and services:
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Moskowitz points to significant profit expansion opportunities for Microsoft, driven through tangible GenAI monetization and adoption strategies. They see Microsoft as their most sensible option in the short term, backed by solid advances in AI.
The Microsoft Build convention aims to build trust among analysts in Microsoft’s strategic direction and build capability. With significant advancements in artificial intelligence, hardware innovation, and product integration, Goldman Sachs and Mizuho Securities expect truly broad expansion and sustainable leadership from Microsoft in the generation sector. .
Read next: Microsoft unveils five innovative AI teams at Build 2024 conference
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