After having attended Microsoft’s sold out Ignite conference in Seattle, Jefferies says the company is “innovating at a historically fast pace” across all fronts and that the firm is confident that Microsoft will be able to upgrade and polish its AI products at “a record fast pace” as well. The analyst, who continues to be bullish on Microsoft’s Copilots ability to drive revenue uplift in calendar 2024 as enterprise interest “continues to swell,” has a Buy rating and $400 price target on Microsoft shares.
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