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Is Microsoft stock set to surge past $400?

Is Microsoft stock set to surge past $400?

It would be unfair to say that Microsoft (NASDAQ: MSFT) has been having a very strong year – though it has – as the technology giant has been on a fairly stable upward trajectory for more than a decade Throughout 2023. Microsoft has been mostly on the rise, largely driven by its well-time backing of artificial intelligence (AI) research.

Microsoft also faced several challenges this year. This year, the FTC continuously attempted to block its purchase of Activision Blizzard (NASDAQ: ATVI) – a video game giant responsible for franchises like Call of Duty and World of Warcraft – though Microsoft has so far secured favorable rulings.

The company also had to navigate the turmoil caused by Sam Altman’s sudden departure and subsequent return to the post of OpenAI’s CEO. Microsoft’s business successes and challenges have been reflected on the stock market, and the company’s shares reached several new all-time highs in late 2023.

Such performance led many investors to wonder whether the technology behemoth will soon see its stock price rise above $400. 

In its search for answers, Finbold decided to consult the artificial intelligence of OpenAI’s flagship platform ChatGPT, as well as Google’s (NASDAQ: GOOGL) offering in the field – Bard.

ChatGPT weighths the odds of MSFT above $400

When looking at Microsoft’s recent performance, ChatGPT was initially very cautious about making a prediction on when and if the tech company would reach $400. However, it quickly noted a long list of reasons why there is a lot of room for optimism for its stocks.

It highlighted several key factors in favor of MSFT, including its strong past performance, a history of earnings and revenue growth, overall market position, and an overall positive trend highlighted by technical analysis (TA). It also gave a lot of attention to Microsoft’s popularity among institutional investors and pointed out that it is the most popular stock pick for hedge funds.

Ultimately, the AI concluded that it is reasonable to believe that MSFT will go above $400 soon and estimate that this level will be reached sometime in the first or second quarter of 2024. It also pointed out that should Microsoft reach such a price, it is likely that it will retrace somewhat, but it refused to provide an estimate other than the rule-of-thumb figures of 5-10%.

ChatGPT estimates when MSFT will reach $400. Source: Finbold and ChatGPT

Google Bard cautiously sets November 15, 2024, as the day MSFT will reach $400

Google Bard proved similarly optimistic when it comes to Microsoft’s future prospects. The AI highlighted the company’s overall strong performance, the positive analyst and investor sentiment, and the firm’s leading role in cloud computing

It also assessed that there are several factors that could dampen Microsoft’s prospects for breaching $400, such as the danger of an economic slowdown and MSFT’s already high valuation. It also noted that the company is operating in a highly competitive sector.

After taking all of the factors under consideration, Bard stated that it is highly likely that Microsoft will indeed go above $400 in the next 12-24 months, and when pressed with a hypothetical threat, it offered November 15, 2024, as the day it could reach such a valuation.

Google Bard estimates when MSFT will reach $400. Source: Finbold and Google Bard

MSFT price analysis

While the question of when and if MSFT will reach $400 remains open, the tech giant’s stock has been performing well in recent weeks and days. The most recent close set it at the price of $374.23, meaning it was up 0.88% by the final bell on Friday, December 8.

MSFT 1-day price chart. Source: Finbold

While Microsoft has mostly been rising in 2023, its recent reaching of an all-time high of above $380 sent it into a price correction. The tech giant has been slowly regaining momentum since the start of December, and, zooming out, the company’s stock is up 55.71% year-to-date (YTD).

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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