tech
Microsoft is the worst performing Mag 7 stock this year. Goldman believes that's about to change
Microsoft is likely to see some upside from its push to integrate AI into its 365 offering, according to Goldman Sachs.
TL;DR
- Goldman Sachs maintains a buy rating on Microsoft with a price target of $600.
- The investment bank expects AI integration to boost Microsoft's stock performance.
- Microsoft's AI product, Microsoft 365 Copilot, saw a 3% adoption rate among commercial Office customers by the end of March.
- Goldman Sachs believes Microsoft is well-positioned to capitalize on AI-driven product cycles.
- Despite perceptions of lagging AI functionality, Goldman Sachs sees AI disintermediation risks as already priced in.