Citi analyst bullish on Microsoft's AI potential, raises target price to $520 USD
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Citigroup analyst Tyler Radke raised Microsoft's target price to $520, citing Microsoft's ownership of OpenAI shares and its cooperation agreement with Oracle as indicators of Microsoft's potential in the field of artificial intelligence. Despite the potential impact of OpenAI's losses on Microsoft's earnings per share, analysts remain optimistic about Microsoft's overall performance, with an expected earnings per share of $2.93 and revenue forecasted at $634.37 billion for the next quarter
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