13 Best Big Name Stocks to Buy Now

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 284

Microsoft Corporation (NASDAQ:MSFT) is among the 13 Best Big Name Stocks to Buy Now. On June 25, Wedbush hiked its price target for the stock to $600 from $515, while maintaining an Outperform rating for its shares.

The analysts cited a ‘massive adoption wave’ for Copilot and Azure as the reason behind the revision. They estimate the two offerings could add about $25 billion in revenue for Microsoft Corporation (NASDAQ:MSFT) by fiscal 2026.

The adjustment follows recent field checks by Wedbush, which indicate accelerating customer demand and improved deal conversion for AI deployment across the industry. Here’s what Dan Ives wrote in an analyst note on Wednesday:

“Based on our recent work in the field we believe the next 3 years over 70% of its MSFT installed base will ultimately be on this AI functionality for the enterprise/commercial.”

Ives described this as a ‘shining moment’ for Microsoft Corporation (NASDAQ:MSFT) and noted that the market was underestimating the full extent of the company’s AI and cloud monetization opportunity.

During the week, analysts from Wells Fargo and Morgan Stanley also lifted their price targets for Microsoft Corporation (NASDAQ:MSFT) to $585 and $530, respectively, while reiterating their Overweight ratings for its shares.

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