AI Seen Fueling Microsoft to $3 Trillion Value in Morgan Stanley Model
- Stock has rallied 42% this year, adding $750 billion in value
- Analyst raises price target to $415, second-highest on Street
A demonstration of Microsoft’s Bing search engine powered by ChatGPT maker OpenAI.
Photographer: Chona Kasinger/BloombergThis article is for subscribers only.
Artificial intelligence-driven gains can propel Microsoft Corp. to join Apple Inc. in the elite category of stocks with a market capitalization of more than $3 trillion.
That’s according to analysts at Morgan Stanley, whose new $415 price target for the software giant implies a valuation of around $3.1 trillion. The analysts, led by Keith Weiss, named Microsoft their top pick among large cap software companies, and said that it is the best placed in the sector to benefit from the growth of AI.