Guggenheim Upgrades Microsoft, Admits Being "Dead Wrong" on Sell Ratings
Guggenheim has upgraded its sell rating on Microsoft to neutral, citing the positive impact of generative artificial intelligence (AI). The firm acknowledges the struggles with Microsoft's Windows product and growing pains in the market for its Azure cloud-computing business but believes that the potential of AI outweighs these concerns. This upgrade reinforces the positive consensus surrounding Microsoft, with nearly 90% of analysts having buy ratings on the stock. Microsoft shares have a return potential of 25% based on the average analyst price target.
