Microsoft Positioned To Tap ChatGPT Wave In Its Favour: Analyst

  • Keybanc analyst Michael Turits maintains Microsoft Corp MSFT with an Overweight, raising the price target from $270 to $316.
  • At its Inaugural Microsoft Secure event, MSFT made several exciting announcements that span several vital areas of cybersecurity, including cloud protection, threat intelligence, endpoint, IoT/OT, governance, and incident response. 
  • MSFT launched Security Copilot, its new GenAI-powered security solution leveraging OpenAI's latest GPT-4 technology.
  • MSFT's Defender Cloud Security Posture Management (CSPM) provides organizations with end-to-end security visibility across their multi-cloud environments.
  • MSFT announced that its new Incident Security Response Retainer is now available for enterprises, governments, educational institutions, and non-profit organizations.
  • The Microsoft Intune suite, launched on March 1, provides users with critical endpoint management capabilities. 
  • Microsoft announced its new fully-cloud Microsoft Defender for IoT security solution.
  • MSFT announced that Defender Threat Intelligence is now available for licensed customers directly within Microsoft 365 Defender. 
  •  MSFT's ongoing innovation in cybersecurity impressed the analyst, who more broadly believes the company is firmly positioned to capitalize on Generative AI.
  • Price Action: MSFT shares traded higher by 1.56% at $279.94 on the last check Wednesday.
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