Goldman Sachs Raises Microsoft Price Target, Betting on AI Boom

Investment firm Goldman Sachs has increased its price target for Microsoft stock, suggesting significant potential growth in the tech giant’s future. They have raised the target by $70 to reach $550, signaling a projected increase of nearly 19.8% from the company’s previous closing price. This optimistic outlook stems from Microsoft’s recent success at its Build conference, where AI innovations were showcased prominently.