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"Microsoft: New All-Time High Before FY24 Results, Still A Buy" $MSFT shares have risen 35% in the past year; we review Microsoft’s position as one of our core holdings https://t.co/r37IvlgsJa https://t.co/L71bNgq4NV
#Citi Reiterates Buy Rating on $MSFT, PT $520
5-star analyst Keith Bachman from BMO Capital increased their Price Target on $MSFT to $500 (+10.7%) and maintained the stock as a 'top pick'. They noted cloud spend going into the second half of 2024 appears solid, and they were positive on early expectations for 2025. They… https://t.co/JePrf2jQsr
Microsoft continues to lead in generative AI according to surveys by Morgan Stanley and Citi. Citi reiterates a buy rating on $MSFT with a price target of $520, highlighting Microsoft's dominance over $AMZN and $GOOGL in the GenAI sector. Analysts are optimistic about Microsoft's cloud spend and early expectations for 2025, leading to an increased price target of $500 by BMO Capital. $MSFT shares have surged 35% in the past year, reaching a new all-time high before FY24 results.