Piper Sandler says noteworthy announcements came out of the GitHub Universe opening keynote this morning by GitHub CEO Thomas Dohmke that was joined on stage by Microsoft (MSFT) CEO Satya Nadella. The company is formally releasing the GitHub Copilot X product with pricing set at $39 per month and Nadella flagged an enterprise-wide expansion deal with Accenture (ACN) that plans to deploy 50,000 Github Copilot seats across its developer team, the analyst tells investors in a research note. Piper says the large expansion deal at Accenture reinforces its view that Microsoft is still in the early stages of monetizing a first mover advantage in artificial intelligence. It keeps an Overweight rating on the shares with a $425 price target.
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