5 Stocks With Huge Catalysts on the Way

1. Microsoft Corporation (NASDAQ:MSFT)

AI remains the biggest growth catalyst for Microsoft Corporation (NASDAQ:MSFT) which has already gained on the back of the AI boom this year, thanks to the company’s investments in Open AI and its head-on approach in the emerging industry. Citi analysts opened a 90-day catalyst watch on MSFT recently. Some growth catalysts for Microsoft Corporation (NASDAQ:MSFT), according to Citi, include a stabilizing PC market, improved Azure inputs, and a revenue-acceleration trend. Citi analysts set a $420 price target on Microsoft Corporation (NASDAQ:MSFT).

Microsoft Corporation (NASDAQ:MSFT) is the most popular stock among the elite hedge funds tracked by Insider Monkey. A total of 300 funds in Insider Monkey’s database had stakes in Microsoft Corporation (NASDAQ:MSFT).

ClearBridge Value Equity Strategy made the following comment about Microsoft Corporation (NASDAQ:MSFT) in its Q2 2023 investor letter:

“We initiated a small position in Microsoft Corporation (NASDAQ:MSFT) during the quarter, which may seem surprising given our concerns about index concentration. However, we seized the opportunity on a compelling entry point below our business value estimate, due to an anticipated acceleration of demand for Microsoft’s Azure cloud business and incremental revenues from integration of Microsoft’s AI Copilot program into its office platform. We believe this could support double-digit growth, while simultaneously solidifying Microsoft’s competitive position as an AI winner. Even as a small position, we believe Microsoft provides a large portfolio construction benefit given low correlation to the rest of the portfolio.”

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