By Adam Clark
Microsoft stock has plunged from last year's highs as investors have fretted over whether its software products will be overtaken by artificial intelligence. A survey of IT and cybersecurity executives suggests the threat is overstated, according to KeyBanc analysts.
In a poll of dozens of value-added resellers -- companies which customize third-party products before selling them on -- Microsoft's AI Copilot, Azure cloud-computing and cybersecurity products were all seen favorably.
"Nearly half of respondents have rolled Copilot out into production, up 14 points vs. 4Q, and [Microsoft] garnered most responses in highest adoption in securing AI workload," wrote KeyBanc analyst Eric Heath in a research note.
KeyBanc has an Overweight rating and $600 target price on Microsoft stock. Microsoft shares were up 0.9% at $396.50 in premarket trading. The stock is down 29% from its all-time closing high of $542.07 on Oct.28 last year, as of Tuesday's close.
Microsoft was a Barron's stock pick last month when the shares were trading around $402.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 15, 2026 08:35 ET (12:35 GMT)
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