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Benzinga

Business

Ananya Gairola

THE TRUTH ABOUT: Amazon google not far behind but dan ives says microsoft clearly leading in these segments 600 price target is probably conservative | History Defined

Dan Ives Google Amazon Microsoft Wedbush Alphabet Inc Amazon.com Inc. Microsoft Corporation

Milan,,Italy,,June,1,,2024:,Microsoft,Sign,On,The,Microsoft

On Thursday, Wedbush analyst Dan Ives said that Microsoft Corporation (NASDAQ:MSFT) is outpacing competitors like Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google in the cloud and hyperscaling sectors.

What Happened: Ives, who has become more bullish on Microsoft, has raised his price target for the stock to $600, citing the company's dominant position in cloud computing and hyperscaling technologies.

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