Tech giant Microsoft (NASDAQ:MSFT) is teaming up with Mercedes-Benz (OTC:MBGYY) on boosting the efficiency and sustainability of vehicle production.
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Mercedes-Benz is connecting about 30 passenger car facilities globally to the Microsoft cloud via the MO360 data platform. This bolsters transparency and predictability in the vehicle manufacturer’s digital production and supply chain.
Moreover, the move also enables resolving supply chain challenges faster, monitoring and forecasting emissions and resource usage while also promising to make production 20% more efficient by 2025.
What Is a Good Buy Price for MSFT?
Overall, the Street has a Strong Buy consensus rating for MSFT stock based on 26 Buys and three Holds.
Further, the average price target of $321.45 indicates a 42.25% potential upside in Microsoft stock.
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