Deutsche Bank Increases MicroStrategy Price Target to $175.00 (MSTR)
Stock analysts at Deutsche Bank boosted their price target on shares of MicroStrategy (NASDAQ:MSTR) from $150.00 to $175.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 32.95% from the stock’s previous close.
The analysts wrote, “Last week MicroStrategy (MSTR) met with investors for the first time since 2005. The ‘open for communication’ message was strengthened with the announcement that MSTR would reinstate its quarterly earnings call in time for the 2Q14 results in late July, the designation of an Investor Relations head and the posting of their investment deck (used in the 1×1′s last week) on the corporate website. A few weeks ago, MSTR also announced the issuance of another 900,000 stock options to executives, including 400,000 to the CEO Michael Saylor. The September 2013 grant was the first since 2004.”
MicroStrategy (NASDAQ:MSTR) opened at 131.63 on Monday. MicroStrategy has a 52-week low of $82.72 and a 52-week high of $135.83. The stock has a 50-day moving average of $114.6 and a 200-day moving average of $122.5. The company has a market cap of $1.488 billion and a P/E ratio of 58.89.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.67. The company had revenue of $137.90 million for the quarter, compared to the consensus estimate of $142.07 million. During the same quarter in the previous year, the company posted $4.57 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that MicroStrategy will post $0.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 30th. Separately, analysts at Zacks downgraded shares of MicroStrategy from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $128.80 price target on the stock. Finally, analysts at B. Riley initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They set a “neutral” rating and a $130.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $138.13.
MicroStrategy Incorporated (NASDAQ:MSTR) is a worldwide provider of enterprise software platforms for business intelligence, mobile intelligence and social intelligence applications (apps).
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