FMP
Jan 16, 2024 6:38 PM - Davit Kirakosyan(Last modified: Jan 17, 2024 12:35 AM)
Image credit: FMP
Analysts at Goldman Sachs, recently indicated that Microsoft's (NASDAQ:MSFT) Azure AI Services could emerge as a leading force in generative AI in the near term, with a potential to generate $200 billion in revenue over the next five years.
Holding a Buy rating and a price target of $450 for Microsoft's stock, the analysts highlighted Microsoft's strong position in the market for Gen-AI services. They noted consistent feedback from CEO discussions during the GS Software Bus Tour, which pointed to stable enterprise spending and positioned Microsoft as a frontrunner in this space.
The analysts expect Microsoft to perform well against their Q2/24 forecasts, which include a 17% increase in revenue, 28% and 27% growth in Azure, and an EPS of $2.85. They also suggested that AI services could contribute significantly to Azure's growth in FY24, maintaining its role as Microsoft's primary channel for AI monetization over the next year.
Goldman Sachs anticipates Microsoft 365 Copilot gaining significant traction in 2025 and remains optimistic about the long-term potential of Copilot within Microsoft's 380 million-strong enterprise Office365 user base.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Laptops for Financial Modeling and Stock Trading In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, th...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...