Truist Financial Reiterates a Buy on Microsoft Corporation (MSFT)

Microsoft Corporation (NASDAQ:MSFT) is among the Stocks That Could 10X in the Next 3 Years. On September 15, Terry Tillman from Truist Financial reiterated a Buy rating on Microsoft Corporation (NASDAQ:MSFT) without disclosing any price target.

The rating comes after the company, on September 11, signed a non-binding deal with OpenAI to set new terms for their partnership. The agreement allows OpenAI to restructure itself into a for-profit company and is aimed at helping OpenAI raise capital and eventually go public to accelerate AI development.

The analyst noted that this announcement potentially addresses some investor concerns regarding the nature of the partnership between the two companies. However, the joint statement remained brief. Tillman expects the updated memorandum of understanding to bring some near-term stability in terms of the market perception of this partnership.

The analyst expects more details to emerge in the coming weeks, and he is closely looking at Microsoft Corporation (NASDAQ:MSFT) to analyze the change in revenue opportunities with regard to the redefined partnership with OpenAI.

Microsoft Corporation (NASDAQ:MSFT) develops and supports software, cloud services, devices, and solutions.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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