Microsoft (MSFT) Price Target Raised on Azure Optimism
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Despite an increase in production workloads, BMO Capital observed that Azure service usage stayed 'largely stable' during this time. The firm also noted that 'aggressive VMware pricing' has aided transitions to the cloud. BMO Capital is sticking to its Azure growth projections, which it claims align with consensus projections for Microsoft's fourth quarter, despite the encouraging feedback.
Microsoft Corporation (NASDAQ:MSFT) is a leading technology company known for its core software products, which include the Windows OS, Microsoft 365 suite, and Edge browser. Its product portfolio includes corporate software, software development tools, video games, gaming gear, and cloud services.
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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