Microsoft shares hit record high! Announces launch of Copilot for Security
Microsoft shares rose to a record high on Thursday after the company announced the launch of its latest artificial intelligence assistant, Microsoft Copilot for Security.。
Microsoft shares rose to a record high on Thursday after the company announced the launch of its latest artificial intelligence assistant, Microsoft Copilot for Security.。
Microsoft says Copilot for Security will be officially launched worldwide on April 1。This generative AI tool will help security and IT professionals use their vast intelligence databases to protect their businesses from cybercriminals.。
Copilot for Security provides customized insights and recommendations for next steps。Copilot can process and respond to prompts in 25 different languages。
The cybersecurity business has been a growth driver for Microsoft in recent years.。
In the day's stock market trading, Microsoft shares touched 427.New all-time high of $81。Its previous record high was 420 on February 9 this year..82 USD。Microsoft shares rose 2 at the end of regular trading Thursday.4%, to 425.22 USD。
JPMorgan analyst Mark Murphy said in a client note that Copilot will drive a paradigm shift in Microsoft's security capabilities.。"We believe there is a strong product-to-market fit in the security market due to GenAI's capabilities in code generation, pattern recognition and automated remediation," he said.。"
Murphy rates Microsoft stock as buy, $440 price target。
Mizuho Securities analyst Greg Moskowitz is also positive on the launch of Copilot for Security。"We expect customers to respond enthusiastically to Microsoft's usage pricing strategy as it will provide a low-cost opportunity for businesses to pursue interesting cybersecurity use cases (initially)," he said in a customer note.。"
Moskowitz reiterates buy rating on Microsoft stock, $450 price target。
Since the beginning of 2023, Microsoft has been gradually adding Copilot Assistant to its software products, thanks to its collaboration with OpenAI.。On February 29, the company initially launched its Copilot for Finance tool for corporate finance professionals.。
Microsoft's next event to watch is the company's "New Era of Work" event on March 21.。During this digital event, Microsoft will discuss AI innovations in the workplace, as well as new features for Windows and Surface computers.。
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