Microsoft Corporation (NASDAQ:MSFT) is one of the Best Big Company Stocks to Buy Right Now.
On June 1, Wells Fargo analyst Michael Turrin lifted its price objective on the company’s stock to $650 from $625 and kept an “Overweight” rating on the shares
As per the analyst, investor concerns related to Microsoft’s AI strategy have gotten louder after its latest earnings report. However, the firm believes that Microsoft is better positioned at software layer than the market is currently realizing. The company also seems to be making the right moves to catch up on capacity, models and Copilot.
In a different update, Citizens initiated coverage of Microsoft Corporation (NASDAQ:MSFT)’s stock with an “Outperform” rating and a price objective of $550. The company’s stock is down ~6% YTD amid investor concerns about its dependence on third-party AI models. However, the firm sees an attractive opportunity for capital appreciation at the present levels.