Wall Street Analysts Predict Microsoft Stock Price for the Next Year
Wall Street Sets Microsoft Stock Price for the Next 12 Months
Despite being one of the biggest companies in the world for years, the technology giant Microsoft (NASDAQ: MSFT) has recently been on a quest to grow ever larger.
One of its most lucrative investments of the previous years has proven to be its support for OpenAI – the makers of ChatGPT – which helped MSFT stock rise relentlessly during the ongoing artificial intelligence (AI) boom, nearly doubling in value since late 2022.
Microsoft's Recent Expansions and Acquisitions
- Microsoft became the world’s largest company by market cap at the start of 2024.
- The firm completed one of the largest corporate acquisitions with its purchase of Activision Blizzard.
- The company's stock has surged 10% this year and more than 220% in the last 52 weeks.
Analysts are bullish about Microsoft's future with a 12-month price target of $489.56, projecting a 19.25% increase in the coming year from the current price of $409.79.
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