Is Microsoft (MSFT) the Best Profitable Software Stock to Buy Now?

Microsoft Corporation (NASDAQ:MSFT) is among the most profitable software stocks to invest in. On October 16, Microsoft Corporation (NASDAQ:MSFT) announced the extension of its Dragon Copilot AI clinical assistant to incorporate advanced capabilities for nursing workflows and new partner integration features. This marks the first-ever commercially available ambient AI solution aimed at nursing staff. In addition to this, the tech giant also launched extensibility capabilities that facilitate external AI applications to integrate directly into Dragon Copilot.

As expressed by Mary Varghese Presti, CVP and Chief Operating Officer of Microsoft Health and Life Sciences,

“Microsoft continues to advance Dragon Copilot as a leading enterprise-wide AI clinical assistant for healthcare provider organizations — now adding support for specialized nursing workflows and an ecosystem of third-party AI extensions.”

Microsoft (MSFT) Stock: Truist Raises Price Target to $675, Reiterates Buy

In light of the recent positive analyst opinions, the market remains broadly optimistic about the company’s future, with the consensus median price target still indicating a 23% potential upside. On October 15, Bradley Sills, an analyst at Bank of America Securities, reiterated a “Buy” rating on Microsoft Corporation (NASDAQ: MSFT). The bullish tone resonates similarly to other analysts, including Morgan Stanley and BMO Capital, who see further upside potential.

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based company operating through Productivity and Business Processes, Intelligent Cloud, and Personal Computing segments. Founded in 1975, the company provides software, services, devices, and solutions worldwide.

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 this cheapest AI stock.

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Disclosure: None.