Microsoft Corporation (MSFT) Sees Nearly 29% Upside as Truist Lifts Target

Microsoft Corporation (NASDAQ:MSFT) is among the best stocks to buy now according to AI. Terry Tillman, an analyst at Truist, has increased the price target on Microsoft Corporation (NASDAQ:MSFT) to $675 from $650, while maintaining a Buy rating on the stock. This potential upside of nearly 29% from the current level is driven by robust secular growth in cloud and AI.

The research firm highlights the company’s momentum associated with cloud and AI secular growth drivers, along with the impact of growth-stimulating halo effect across individual infrastructure, data, and app businesses. Sustained cloud expansion, combined with evolving AI demand, can lead to improved revenue, profit, and cash flow in the long term.

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

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

The financials of Microsoft Corporation (NASDAQ:MSFT) tell an equally compelling story, with the company’s year-to-date return surpassing the market return by an impressive 14.22%. Despite macro and CapEx risks, the tech giant’s AI focus, smooth Copilot adoption, and a profitable OpenAI partnership position make it a winning stock.

Microsoft Corporation (NASDAQ:MSFT), founded in 1975, is a Washington-based company that offers software, services, devices, and solutions internationally. With three main segments: Productivity and Business Processes, Intelligent Cloud, and Personal Computing, the company is committed to empowering every person and organization.

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.