Microsoft (NASDAQ:MSFT) has some big plans. The same goes for gaming, artificial intelligence, and several other fields. However, all these plans were not enough to save Microsoft stock from fractional losses in Monday afternoon’s trading session.
One of the biggest such plans was when Microsoft made new investments in AI startups. It’s not OpenAI, it’s Mistral, which is roughly the French equivalent. This investment not only gives Mistral additional production capacity, but also its production goals, as the large-scale language models developed by Mistral will be made available through Microsoft Azure. Additionally, Mistral’s next conversation assistant, Le Chat, will also be available through Microsoft. This comes at a time when Microsoft is being targeted by EU antitrust regulators over its sponsorship of OpenAI and has already come under fire over its investments in AI.
But everything goes wrong
But some other developments are less optimistic. Recently, Tesla (NASDAQ:TSLA) CEO Elon Musk tasked Microsoft with the sign-up process. Musk said he tried to sign up with a local account rather than a Microsoft account, but an issue where he accidentally connected to his point of local Wi-Fi access made the process unusually difficult. It’s a face-down high-profile pot. Additionally, Microsoft’s plans to roll out new Xbox hardware are moving quickly. But those hoping for a return to the old days of game rental will be disappointed. His next Xbox hardware will be digital only. To make matters worse, the console’s design attracted many critics, including some who called it the “X Cylinder Series X.”
What is Microsoft’s target price?
Turning to Wall Street, analysts are bullish on MSFT stock based on 33 buys, 1 hold, and 1 sell assignments over the past three months, as shown in the chart below. We give it a “Strong Buy” consensus rating. MSFT’s average price target of $469.58 per share implies an upside potential of 14.76%, after the stock has increased 64.98% over the past year.
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