Microsoft Gains Boost from AI and Cloud Computing, Analysts Predict 30% Price Goal

Microsoft (MSFT) received a Buy rating from Bank of America, with a $500 price goal, a 30% increase from its current price. The bank believes Microsoft's long-term growth will be robust due to AI and cloud computing, with revenue expected to climb 15%-17% annually over the next three years. However, short-term pressure on profits is expected due to increased spending on data centers and AI technology.