Azure Will Reaccelerate Amid AI Ramp Up, Analyst Says: Microsoft 'One Of The Most Compelling Investment Opportunities'

Quick Summary:

Azure Confidence: Rangan believes Azure will outperform expectations.“In-line with the trends of the last four quarters, we expect outperformance to be driven by further AI contribution to growth, broader share gains vs.hyperscaler competitors, and increased appetite to pay for high ROI services andnew projects as the market gains certainty on rates and the U.S.election as the year progresses,” the analyst said.

The Microsoft Analyst: In a note published Thursday, Goldman Sachs analyst Kash Rangan reiterated his Buy rating for Microsoft, lowering its price target from $515 to $500.

A Goldman Sachs analyst says that Microsoft Corp (NASDAQ:MSFT) will soon reap the benefits of its investment into Azure and artificial intelligence.

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Author / Journalist: Hayden Buckfire

Category: Technology

Markets: United States

Topics: Microsoft Azure Tech US5949181045 Azure MSFT Benzinga GenAI AI Goldman Sachs Analyst Ratings Expert Ideas Price Target Artificial intelligence Reiteration Stories That Matter Kash Rangan

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 17:38:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 13 lines

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Copyright Owner: © Benzinga

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