Microsoft (NASDAQ:MSFT) is one of the world’s leaders in technology, and it’s also seen its share of troubles from concerned regulators. In fact, it’s recently seen a new bout of privacy troubles in Italy, where Italian regulators are calling the firm on the carpet. The move isn’t fazing investors, though, as Microsoft is up fractionally in Monday morning’s trading.
The primary arbiter of data protection in Italy, known as the Garante per la Protezione dei dati Personali—or the Italian Data Protection Authority—delivered a blow to Microsoft-supported OpenAI. It briefly banned the use of ChatGPT thanks to EU privacy rules, which was a move that was a first for Western nations. Now, it’s alleging that ChatGPT also breaks data protection rules. Just which regulations were broken is unclear, but will likely be much clearer to OpenAI itself. The regulatory body has given OpenAI 30 days to respond to said violations via defense briefs.
What is the Target Price for Microsoft Stock?
Turning to Wall Street, analysts have a Strong Buy consensus rating on MSFT stock based on 31 Buys assigned in the past three months, as indicated by the graphic below. After a 69.35% rally in its share price over the past year, the average MSFT price target of $442.70 per share implies 8.8% upside potential.
