14 Best S&P 500 Stocks to Buy Now

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 312

Microsoft Corporation (NASDAQ:MSFT) is among the 14 Best S&P 500 Stocks to Buy Now. As of the close of business on December 17, Wall Street analysts have a consensus Strong Buy rating on the stock, with a one-year average share price target of $632.22, representing an upside of 33%.

Recent analyst updates include Morgan Stanley analyst Keith Weiss reiterating a Buy rating on the stock on December 17 with a share price target of $650.

This followed Phillip Securities’ adjustment on December 14, when it lowered its price target on the stock to $540 from $550 and maintained an Accumulate rating on the shares. According to TipRanks, the firm told investors that the tech giant was ‘aggressively’ into cloud and AI infrastructure.

Earlier in the month, on December 4, DA Davidson maintained a Buy rating on Microsoft Corporation (NASDAQ:MSFT) with a target price of $650. The firm’s analyst Gil Luria noted how the strategic partnership with OpenAI will help the company maintain its ‘fastest growing hyperscaler’ status.

This month, Microsoft announced up to $23 billion in new AI investments, of which $17.5 billion would go into establishing a significant cloud computing presence in India over the next four years, while $5.42 billion would be spent in Canada on AI partnerships and cloud capacity.

Microsoft Corporation (NASDAQ:MSFT) is a technology company best known for its operating systems and software products.

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