By Ali Hassan

Microsoft Corporation (NASDAQ:MSFT) is one of the 11 Best Large-Cap Tech Stocks to Invest In. 

On March 5, TheFly reported that Jefferies analyst Brent Thill reiterated his Buy rating on Microsoft Corporation (NASDAQ:MSFT) while maintaining a price target of $675.

Thill’s price target of $675 is higher than the average price target of $600 from 60 analysts covering MSFT, indicating an upside of over 47%. Thill’s price target represents an upside of almost 66%.

Asif Islam / Shutterstock.com

Jefferies remains bullish on Microsoft as it views MSFT’s enterprise AI spending as key to the firm’s success ahead, citing Azure and Microsoft 365 as major catalysts for the firm as enterprises roll out AI tools. Microsoft’s enterprise distribution network supports more than 450 million paid M365 users. The analyst pointed out three major areas for MSFT’s AI network: AI expanding the total addressable market in M365, infrastructure monetization, and AI margin tracking.

MSFT currently trades at nearly 21 times FY2027 earnings per share, which is lower than its 10-year average of 23.5, Jefferies noted. Of the 60 analysts covering Microsoft, 55 have a Buy rating, while 5 rate the stock a Hold.

Microsoft Corporation (NASDAQ:MSFT) is a leading technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.

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Source: Insider Monkey