Club holdings Microsoft and Best Buy were the subject of upbeat Wall Street research, while TJX Companies hit an intraday high Friday on the same day it announced plans to enter a new international market. Here's a closer look at the news and the implications for our investments.
mountain Microsoft year-to-date performance The news: Oppenheimer boosted Microsoft's price target to $500 a share from $450, implying a nearly 18% rise from Thursday's close. Analysts argued that Microsoft's partnership with ChatGPT creator OpenAI "cannot be underestimated" and adoption of its artificial intelligence-related offerings will boost the stock's price and company revenues.
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