10 Best Major Stocks to Buy According to Analysts

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6. Microsoft Corporation (NASDAQ:MSFT)

Potential Upside: 43.2%

On July 1, Microsoft signed an agreement with Haleon for the use of Microsoft 365 Copilot and the joint development of AI applications across multiple business functions. Prior to this, on June 25, Brad Reback, an analyst at Stifel Nicolaus, reiterated a Hold rating on Microsoft Corp. (NASDAQ:MSFT) stock and set a target price of $400.

On the data center front, MSFT announced on June 23 that it had completed construction on its first data center in Mount Pleasant, Wisconsin. The facility was announced in May 2024 and was completed ahead of schedule. It is fully operational, and nearly 550 full-time employees are currently working in the facility. Microsoft Vice Chair and President Brad Smith said that Wisconsin’s data center is home to the world’s most powerful supercomputer. Additionally, Smith believes that this campus will help power the next generation of AI innovation globally and also create job opportunities locally. As a result, the company will see more investment in the region.

The AI tailwind continues to support the tech giant’s growth ambitions. With construction of the second facility in Mount Pleasant ongoing, MSFT estimates it will spend approximately $4.7 billion on data center construction in Wisconsin between 2024 and 2028.

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.

While we acknowledge the potential of MSFT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Major Stocks to Buy According to Analysts.

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