Truist Sees Big AI Upside for Microsoft (MSFT)—Buy Rating Reaffirmed

Microsoft Corporation (NASDAQ:MSFT) is one of the 10 Trending AI Stocks on Wall Street Right Now. On June 23, Truist Securities analyst Joel P. Fishbein Jr reiterated a Buy rating on the stock with a $600.00 price target. According to the firm, Microsoft has been making significant moves to maintain its early lead in the enterprise AI race.

The company is a key beneficiary of AI adoption, particularly backed by its partnership with OpenAI.

Image by Tawanda Razika from Pixabay

Fishbein believes that the company’s advantage lies in both its infrastructure layer in the Azure cloud computing business and the application layer with its Copilots. As such, Microsoft may pursue several initiatives that will help it succeed in the AI space in both the near and long term.

As these initiatives translate into financial gains, they will undoubtedly push Microsoft shares higher.

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

While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.