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Evercore ISI Positive on Microsoft (MSFT): 'The Trend Is Your Friend...Long-Term AI Opportunity'

March 7, 2024 4:58 AM EST

Evercore ISI analyst Kirk Materne reiterated an Outperform rating and $475.00 price target on Microsoft (NASDAQ: MSFT)

The analyst comments "As we pass the one-year anniversary point of Microsofts very first Copilot announcement, the Copilot For the Web, we wanted to update our long-term Gen AI framework that we initially published in June 2023. Since our first report Microsoft has made significant headway around Gen AI monetization and we now have greater clarity into pricing for... More