CandleFocus Perplexity AI predicts Microsoft stock price amid Bitcoin investing proposal
2024-10-25
Author: Content Editor
Microsoft shareholders will be voting on a proposal to invest in Bitcoin on December 10th. The company's board has advised against the proposal due to Bitcoin's volatility and Microsoft's existing investment management processes. Perplexity AI predicts that if the Bitcoin proposal is approved, it could be bullish for Microsoft's stock, potentially reaching between $500 and $550 by the end of the year. However, if the proposal is rejected and Microsoft maintains a cautious stance, the stock price could remain stable or slightly decrease, trading between $400 and $420. Citi has also lowered its Microsoft stock price targets in a recent forecast.
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