Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off

Published On Sep 4, 2024, 3:42 PM

Jim Cramer has touted Microsoft (MSFT) as the most underappreciated megacap tech stock to buy amidst a recent downturn in the tech sector. He highlighted strong future growth opportunities beyond Microsoft's focus on generative AI, including its search engine Bing, cybersecurity business, and enterprise software solutions. Banks like Wells Fargo and Piper Sandler are optimistic about Microsoft's potential, with price targets of $515 and $500 respectively.

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Given the recent comments from Cramer and support from analysts regarding potential growth in key business areas such as cybersecurity and Bing, investors might view this as a beneficial entry point into Microsoft. The price targets set by various analysts indicate a strong belief in the stock's upward potential, especially as market conditions stabilize.

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