![]() ![]() The company announced its first-quarter results on May 15. The stock has also outperformed in the near term, up 30% year to date and trading near an all-time high. Rather than investing in startups, Constellation Software focuses on small tech companies that are already generating revenue, helping them improve and thrive under its umbrella.Ĭonstellation Software has seen a remarkable 155% surge in its share price over the past five years, nearly tripling the performance of the S&P 500. With a market capitalization of $43.9 billion, the Canadian firm specializes in acquiring and nurturing small tech businesses to fuel its own growth. MSFT is up 36% year to date, but given the promise AI holds for the company, its run is likely just getting started.Ĭonstellation Software (OTCMKTS: CNSWF) stands out in the tech industry. The deal, worth potentially billions of dollars over several years, follows CoreWeave’s successful funding round of $200 million and its recent valuation of $2 billion. In recent news, Microsoft reportedly made a significant investment in CoreWeave, a cloud computing infrastructure startup. ![]() The company has exceeded analyst estimates in each of the past three quarters. The integration of ChatGPT in the Bing search engine is already attracting users and offers huge potential.įor the current quarter, analysts project Microsoft will grow revenue 6.9%, while earnings are expected to jump 14.8%. Microsoft is positioning itself to be a leader in the field with numerous investments, including a partnership with OpenAI. Meanwhile, a Wedbush analyst upped his target from $340 to $375.Īnalysts’ bullishness on MSFT is stemming from the promise of artificial intelligence ( AI). That implies upside of 28.5% from current levels. Microsoft’s Azure cloud platform has seen impressive growth in recent quarters and analysts expect this trend to continue for years to come.Ī Credit Suisse analyst recently raised his price target on MSFT stock from $350 to $420. Microsoft (NASDAQ: MSFT) is a tech giant that is set to take advantage of the accelerated adoption of cloud computing. ![]()
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