Goldman Sachs raised the firm’s price target on Microsoft to $515 from $450 and keeps a Buy rating on the shares following last night’s results. The analyst sees Microsoft offering a “unique growth profile” at its scale, with the ability to grow both sales and earnings by double-digits in fiscal 2025. The company is well positioned to capture share of generative artificial intelligence revenue via its broad suite of AI services and productivity-centric focus, the analyst tells investors in a research note. The firm raised Azure estimates to better reflect the confluence of factors that it sees sustaining 25% growth through fiscal 2025.
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