Posted 12/19/2023, 9:29:00 PM
Microsoft Stock Poised for More Gains in 2024 Thanks to AI Dominance, Analyst Says
- Microsoft stock has climbed 55% year to date in 2023 and an analyst sees more gains in 2024 due to its strong position in AI
- The analyst has an outperform rating on Microsoft with a $410 price target
- Microsoft stock recently broke out of a cup base pattern with a buy point of $366.78
- Microsoft is expected to benefit from its Copilot AI assistant integrated into products like Office
- Microsoft stock is on the Leaderboard, Long-Term Leaders, and Tech Leaders IBD stock lists