BofA Names Microsoft (MSFT) a Winner in Small-to-Mid-Size Business Software

We recently published a list of 12 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks on latest news and ratings.

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. On Wednesday, May 28, Bank of America reiterated Microsoft Corporation (NASDAQ:MSFT) as “Buy.” The firm said that Microsoft is a winner in the small-to-mid-size software business market.

“We highlight Microsoft, Intuit and HubSpot as key winners in SMB [small and mid size business] software, addressing large markets, with formidable advantages stemming from large installed bases, product depth/breadth and robust sales channels.”

BofA Names Microsoft (MSFT) a Winner in Small-to-Mid-Size Business Software

A development team working together to create the next version of Windows.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $505 implies a 10% upside, however, the Street-high target of $650 implies an upside of 41.87%.

Overall, MSFT ranks 1st on our list of AI stocks on latest news and ratings. While we acknowledge the potential of MSFT as an investment, 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.