Microsoft Stock Could Double by 2030 Amid AI Growth
Microsoft's stock price dropped by 30% from its all-time high earlier this year, but analysts at J.P. Morgan believe it could double by 2030.
The company's cloud platform, Azure, and AI assistant, Copilot, are driving significant revenue gains. Copilot is integrated into Microsoft 365 applications like Word, Excel, and PowerPoint, and has reached over 30 million paid seats, about 9% of users.
According to J.P. Morgan analyst Samik Chatterjee, demand for Microsoft Copilot could bring in as much as $41 billion in additional revenue all on its own. Azure's revenue growth is expected to accelerate while margins stabilize, supporting further earnings growth.
Microsoft appears to be keeping its AI spend in check, which was a big reason the stock shot upward after its latest earnings report.