Shares of Microsoft (NASDAQ:MSFT) are trading higher today as the company made improvements to its Power Platform by integrating the technology behind ChatGPT. This will let users develop apps with minimal coding.
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An example of the improvements made by Microsoft includes Power Virtual Agent (used to build chatbots), which now has the ability to connect with internal company resources. As a result, it can create summaries of customer queries and weekly reports.
Overall, Wall Street analysts have a consensus price target of $292.07 on MSFT stock, implying over 12% upside potential, as indicated by the graphic above.