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Microsoft (MSFT) stock ain't cheap but AI story 'has barely played-out': UBS
July 26, 2024 12:03 PM EDTAhead of Microsoft's (NASDAQ: MSFT) upcoming 4Q earnings report, UBS analysts highlighted three main discussion points in a note Friday: Azure's potential upside from AI and core demand, capital expenditure trends, and the growth trajectory of Office 365.
The analysts maintained a Buy rating and $520 per share target on Microsoft, emphasizing that the company's involvement in AI is a major driver of its future growth.
"The... More
