Press Release

  • Grand News Network
  • November 6, 2023

Microsoft's GitHub Poised for Growth with AI Tools, Analyst Sees $5B ARR Potential

Bernstein analyst Stacy Rasgon maintained a Buy rating on Microsoft Corp (NASDAQ: MSFT) and set a price target of $406.

The GitHub Universe user conference starting Wednesday could shed light on the popularity of AI coding companion tools like GitHub Copilot, which has attracted over 1 million paid users. 

Rasgon estimates the GitHub platform and AI companion tools combined have over $5 billion ARR scale potential over 3-5 years after surpassing $1 billion in ARR last year. 

This small but highly strategic product family could further reinforce Rasgon's bullish stance on MSFT and potential gains as it leverages a first-mover advantage in generative ...

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