Oppenheimer analyst Timothy Horan raised the firm’s price target on Microsoft to $310 from $280 and keeps an Outperform rating on the shares. With the company now having introduced AI Co-Pilot betas across all Office, Cloud, and PC segments, the firm’s initial estimate is approximately 3-5 points of incremental annual revenue growth ramping in 2025. This estimate balances the transformative nature of GPTAI, Microsoft’s relationship with OpenAI, and large synergy opportunities as Microsoft has purposely understated pricing to spur early adoption, Oppenheimer notes.
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