Microsoft announces quarterly dividend
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Microsoft (MSFT) PT Raised to $550 at Tigress Financial Partners
June 13, 2024 3:55 PM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Microsoft (NASDAQ: MSFT) to $550.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on MSFT and increase our 12-month target price to $550 as it is increasingly positioned to lead the AI revolution through the ongoing integration of generative AI functionality throughout its software stack and product portfolio. AI cloud integration and the ramp-up of AI-enabled product offerings fueled another quarter of near-record revenue and record operating results. MSFT recently reported Q3 2024 revenue increased 17% Y/Y to a near-record $61.9... More
