UBS has given Microsoft a "Buy" rating with a target price of $510. The decision was made due to increased investor interest in funding developments for OpenAI and advancements in artificial intelligence.
Analyst Karl Keirstead noted the growing excitement in the tech sector, which has been influenced by recent news events. The report, published on October 21, 2024, reflects UBS's confidence in Microsoft's potential for growth in the evolving tech landscape.
Microsoft's focus on artificial intelligence has positioned them as a key player in this transformative field.