Microsoft Remains Among Market Leaders in Enterprise Software, RBC Says

MT Newswires Live05-22 23:47

Microsoft (MSFT) continues to be a market leader in enterprise software markets and is positioned to expand its position in the age of artificial intelligence, RBC Capital Markets said in a Thursday note.

The company's Microsoft 265 Copilot service is now inline with Microsoft Outlook, potentially indicating a "key habit-formation signal," the investment firm said. Microsoft is also transitioning to a hybrid seat-plus-consumption model from a per-seat model, which could signal customer predictability RBC added.

RBC also noted Microsoft's stake of about a 27% in OpenAI and the company's several expansion opportunities, according to the report.

RBC has an outperform rating and $640 price target on Microsoft

Price: 418.83, Change: -0.26, Percent Change: -0.06

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