The firm enters 2024 with a higher degree of optimism for application software, notes a Piper Sandler analyst on Microsoft (MSFT). Piper Sandler raised Microsoft’s price target to $455 from $425. The analyst highlights that new secular tailwinds for cloud and data are driven by the shift to A.I., and there are favorable risk-reward scenarios on 2025 metrics. Kevin Green joins Oliver Renick to discuss this story. Tune in to find out more about the stock market today.
Morning Trade Live
02 Jan 2024
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