Jefferies says the firm’s monthly “what-if” revenue analysis, using “conservative assumptions,” shows that M365 Copilot, assuming no discounting, could drive $3B in revenue in FY24 and over $19B in FY25, or about 8% upside to the firm’s current FY25 total revenue estimate. Microsoft announced the general availability of M365 Copilot on November 1 and “most all” of Microsoft’s Copilots will have general availability in the next 12 months, driving further upside, says the analyst, who keeps a Buy rating and $400 price target on Microsoft shares.
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