As Microsoft (NASDAQ: MSFT) shares continue to record steady price increases, supported by positive developments around the company, MSFT stocks might continue their upward movements, at least according to the artificial intelligence (AI) platform ChatGPT.
Specifically, Finbold asked ChatGPT-4o, the latest model of the OpenAI brainchild, to project possible price targets for Microsoft stock by the end of this year, considering its historical price action, analysts’ predictions, technical indicators, and other relevant information.
MSFT price target 2024
As it happens, the renowned AI chatbot has stated that MSFT stock might reach the price somewhere in the range of $470 – $530 per share by the end of 2024 as a reasonable estimate “based on current data and trends,” and the company’s focus on AI, its revenue, and growth-focused strategic decisions.
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“This estimate incorporates conservative to bullish scenarios while accounting for ongoing developments in AI and other strategic business areas.”
Furthermore, ChatGPT said that its projection takes into account the stock’s “historical performance, expert projections, and current trends,” analyst consensus, and Free Cash Flow (FCF), “assuming Microsoft continues to yield similar performance margins and valuation metrics.”
MSFT price analysis
Meanwhile, Microsoft shares were at press time trading at $429.84, suggesting a 0.61% gain on the day, an increase of 1.23% across the week, and an accumulated advance of 7.20% on its monthly chart, as per the most recent price data retrieved on May 22.
Notably, MSFT stock’s recent advances coincide with the company’s debut of new Copilot+ devices that use ChaGPT-4o to expand “Copilot beyond a personal assistant, (…) enable customers to (…) automate business processes, [and] make it easy to tailor and extend Copilot to meet unique business needs.”
Moreover, Microsoft has revealed a partnership with the United Arab Emirates (UAE) AI firm G42 to invest $1 billion in a data center in Kenya as part of Microsoft’s efforts to expand cloud-computing services in East Africa, according to a press release on May 22.
On the other hand, market expert and EntrepreneurShares chief operating officer Eva Ados has recently warned that Microsoft’s best years might be behind it and that investors will not reward companies unable to grow “their margins and have extraordinary revenue growth and profit growth.”
Ultimately, making specific Microsoft stock price predictions is a difficult task, even for AI. However, platforms such as ChatGPT-4o can help by providing relevant information that allows analysts and traders to gauge their analyses, so doing one’s own research is important when investing.
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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.
