Microsoft (MSFT) edged higher Monday after Citigroup opened a '90-day positive catalyst watch' on the stock
edged higher Monday after Citigroup opened a "90-day positive catalyst watch" on the stock, citing its potential around artificial intelligence. The firm reiterated its buy rating and $420 apiece price target, contending that the Big Tech name will be "trading higher into year end with a rich catalyst path ahead.
"I think it's better to put Microsoft front and center in AI," Cramer said. "They've got a real AI product. That is definitely, as Citi says, 'a rich catalyst.'" Shares of Microsoft deserve to be higher.
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