Credit Suisse: Microsoft still raises its target price for preferred AI shares to $420

[credit Suisse: Microsoft still raises its target price for preferred AI shares to $420] Credit Suisse analyst Sami Badri raised its target price for Microsoft from $350 to $420 and maintained its "outperform" rating on the stock. Analysts say Microsoft is still the first choice in artificial intelligence. Analysts raised its revenue forecast for Microsoft to $57 billion from $40 billion and earnings per share to $2.90 from $2.00, given the "rapid increase" of artificial intelligence-based products.