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BMO Capital raises price target on Microsoft (MSFT) on Azure AI opportunities
April 21, 2023 2:40 PM EDTBMO Capital reiterated Market Perform rating on Microsoft (NASDAQ: MSFT) and raised their price target on the stock to $325.00 (From $310.00) after conducting a survey across 100 U.S. IT decision makers around cloud services spend.
The survey responses suggest that ongoing optimization will impact cloud growth through the March quarter of 2024, and workload migrations will slow in CY23. However, analyst Keith Bachman believes that optimization... More
