12 Most Profitable NASDAQ Stocks to Buy Right Now

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2. Microsoft Corporation (NASDAQ:MSFT)

Net Income (TTM): $119.26 billion

Operating Margin (TTM): 46.67%

Number of Hedge Fund Holdings: 312

Microsoft Corporation (NASDAQ:MSFT) is among the 12 Most Profitable NASDAQ Stocks to Buy Right Now. On January 29, RBC Capital reiterated its Outperform rating on the stock with a share price target of $640.

According to a CNBC report, the firm noted the company’s recent quarterly results, with revenue, earnings, and operating margins beating estimates. The analyst noted that while the results did not exceed ‘elevated expectations’, further growth and margin upside are expected as Microsoft continues to leverage AI effectively.

Analysts led by Rishi Jaluria further added that Microsoft Corporation (NASDAQ:MSFT) remained the firm’s top large-cap pick. RBC was quoted as saying the following in a research note to investors:

“All in, a strong quarter with solid execution and improving visibility. MSFT’s AI footprint and cloud growth remain underappreciated, in our view, and we would be buyers on the pullback.”

Based on the recommendations of 34 analysts, Microsoft Corporation (NASDAQ:MSFT) is a Strong Buy, with a one-year average share price target of $603.95, representing a 40% upside as of the close on January 30.

In other news, a report on Wednesday said that Microsoft had held talks to invest around $10 billion in OpenAI. The company, a longtime backer of the ChatGPT maker, declined to comment on the matter, Reuters reported.

Microsoft Corporation (NASDAQ:MSFT) develops software, services, devices, and cloud-based solutions and is renowned for products such as Windows, Azure, Office, LinkedIn, and Xbox.

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