A Goldman Sachs analyst says that Microsoft Corp (NASDAQ:MSFT) will soon reap the benefits of its investment into Azure and artificial intelligence. The Microsoft Analyst: In a note published Thursday, Goldman Sachs analyst Kash Rangan reiterated his Buy rating for Microsoft, lowering its price target from $515 to $500. Azure Confidence: Rangan believes Azure will outperform expectations. “In-line with the trends of the last four quarters, we expect outperformance to be driven by further AI contribution to growth, broader share gains vs. hyperscaler competitors, and increased appetite to pay f…
