Evercore ISI raised the firm’s price target on Microsoft to $295 from $280 and keeps an Outperform rating on the shares. The company last week introduced Microsoft 365 Copilot, which essentially embeds "powerful" artificial intelligence technology into Microsoft’s core productivity suite, the analyst tells investors in a research note. The firm says the rollout helps illustrate why it expects Microsoft to remain in a leading position as it relates to AI adoption, especially in the commercial market. Microsoft is in a unique position in terms of being able to embed AI across a dominant application franchise and use first party party data to drive significant productivity benefits for users, contends Evercore.
Published first on TheFly
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