Here's What Jefferies Think About Microsoft Corporation (MSFT) [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
that Microsoft Corporation (NASDAQ:MSFT) is set to benefit from OpenAI's expected enterprise business expansion in 2026. The firm had reiterated a Buy rating on the stock on December 3, with a price target of $675. Jefferies highlighted that OpenAI's enterprise sales now represent 40% of its revenue, up from 30% at the start of the year. Moreover, the firm also likes the recent appointment of Denise Dresser as Chief Revenue Officer. Dresser has previously served as CEO of Slack and also brings 14 years of experience from Salesforce. Considering the 27% ownership of Microsoft Corporation (NASDAQ:MSFT) in OpenAI. The company is set to benefit from OpenAI's enterprise business expansion, despite the company's competing products like Microsoft 365 Copilot and GitHub Copilot. ?That said, earlier on December 9, Microsoft Corporation (NASDAQ:MSFT) announced its $17.5 billion investment in India to drive diffusion at a population scale. This also marks the company's largest investment i
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