Jefferies Keeps Microsoft as Their Top Pick

Jefferies Keeps Microsoft as Their Top Pick March 6, 2024, 11:55 a.m., readers: 10

Jefferies analysts continue to favor Microsoft Corporation (NASDAQ:MSFT) as their top pick, reiterating a Buy rating and setting a price target of $465 for the tech giant's shares. Following their attendance at the Microsoft 365 Copilot briefing in New York, Jefferies shared insights emphasizing the notable initial reception of Microsoft 365 Copilot by IT departments, showcasing significant corporate interest. The firm observed that a substantial portion of the attendees, predominantly IT professionals, have engaged with Microsoft 365 Copilot, hinting at its robust early adoption within IT sectors as a sign of keen corporate enthusiasm. Furthermore, Jefferies highlighted the paramount importance of data governance in the context of AI advancements. They noted the heightened emphasis on managing data governance effectively, especially with the integration of AI Copilots, as a critical concern among customers, particularly those from sectors dealing with sensitive information. These concerns primarily revolve around ensuring appropriate data governance during Copilot's deployment and clarifying the extent of data Microsoft retains.

About NASDAQ: MSFT

M icrosoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business;

Price: 414.58
Market cap: 3.1 trillion USD
Eps: 11.04
P/e ratio: 37.55
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