Mizuho Raises Microsoft (MSFT) Price Target to $540, Reiterates Outperform on AI Strength

Microsoft Corporation (NASDAQ:MSFT) is one of the AI Stocks Investors Are Watching CloselyOn July 16, Mizuho analyst Gregg Moskowitz raised the price target for the stock from $500 to $540, while maintaining an “Outperform” rating. The affirmation comes as part of a Q2 earnings preview for the software group.

According to Mizuho, Q2 checks by the firm have been good overall, characterized by “generally healthy” cybersecurity demand and “very strong” artificial intelligence adoption. However, several contacts have noted that there were a few more delays in deal completions. This may limit fundamental upside in this quarter.

Two of Mizuho’s favourite stocks to own this quarter are Microsoft and Cyberark. This is especially true ahead of the earnings release for the former.

Mizuho Raises Microsoft (MSFT) Price Target to $540, Reiterates Outperform on AI Strength

Asif Islam / Shutterstock.com

Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements.

While we acknowledge the risk and potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Trending AI Stocks in Focus This Week and 10 AI Stocks Gaining Attention on Wall Street.

Disclosure: None.