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Stocks A to Z / Stocks M / Microsoft (MSFT)
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Author: mechinv   😊 😞
Number: of 31 
Subject: Re: Wedbush: Microsoft's iPhone moment has arrive
Date: 12/29/2023 7:50 PM
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No. of Recommendations: 2
I would advise people not to put too much emphasis on analysts' price targets. It's just a guess, and getting to that price is NOT going to be a straight line going up.

For me, the main takeaways from these analyst reports are

1) consistency - multiple analysts, including MacQuarie, Piper Sandler and Wedbush, are all forecasting $10B or more of incremental revenue within 2 years from CoPilot and

2) the forecast was made by doing channel checks - actually interviewing business people who make decisions about purchasing the software.

BTW, Dan Ives of Wedbush has a 82% success rate on his Buy ratings for MSFT - https://www.tipranks.com/experts/analysts/daniel-i...



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