Microsoft Receives Sector Outperform Rating from Scotiabank on AI Growth Potential

Scotiabank initiated coverage on Microsoft (MSFT, Financials) with a Sector Outperform rating and set a $470 price target, citing the company’s artificial intelligence growth prospects.

For AI investments across Microsoft’s Azure cloud platform and Microsoft 365 Copilot services, analysts at Scotiabank anticipate 2025 to be a turning point. The company underlined that 60% of businesses now use public cloud basic models, therefore positioned Microsoft to gain from more AI…