- Keybanc analyst Michael Turits maintains Microsoft Corp (NASDAQ: 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.
What’s Going On With Alibaba Shares
Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 3.24% to $85.95 Friday afternoon. Shares of Chinese companies at large are trading lower amid global macro uncertainty following a bearish outlook from FedEx. A global recession could lower consumer discretionary spending at large.
