|
|
|
|
|||||
|
|
|
Microsoft Corporation (NASDAQ:MSFT) is one of the Best SaaS Stocks to Buy Right Now. On December 10, Jefferies released a research note highlighting that Microsoft Corporation (NASDAQ:MSFT) is set to benefit from OpenAI’s expected enterprise business expansion in 2026. The firm had reiterated a Buy rating on the stock on December 3, with a price target of $675.
Jefferies highlighted that OpenAI’s enterprise sales now represent 40% of its revenue, up from 30% at the start of the year. Moreover, the firm also likes the recent appointment of Denise Dresser as Chief Revenue Officer. Dresser has previously served as CEO of Slack and also brings 14 years of experience from Salesforce.
Considering the 27% ownership of Microsoft Corporation (NASDAQ:MSFT) in OpenAI. The company is set to benefit from OpenAI’s enterprise business expansion, despite the company’s competing products like Microsoft 365 Copilot and GitHub Copilot.
That said, earlier on December 9, Microsoft Corporation (NASDAQ:MSFT) announced its $17.5 billion investment in India to drive diffusion at a population scale. This also marks the company’s largest investment in Asia, even greater than its $3 billion investment in the US. The company will invest around $17.5 billion in India over the next four years. This investment will be used to enhance the cloud and AI infrastructure of the country. Microsoft Corporation (NASDAQ:MSFT) noted that it will have the largest hyperscale presence with its new datacenter expected to go live in mid 2026.
Microsoft Corporation (NASDAQ:MSFT) delivers cloud, AI, software, and computing solutions globally, through its Azure, Microsoft 365, and AI platforms.
While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| 52 min | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 | |
| Dec-15 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite