MicroStrategy Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:MSTR)
MicroStrategy (NASDAQ:MSTR) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the stock, StockRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $145.57.
A number of research firms have recently commented on MSTR. Analysts at JMP Securities upgraded shares of MicroStrategy from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $170.00 price target on the stock. Separately, analysts at Zacks upgraded shares of MicroStrategy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $143.40 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of MicroStrategy from $150.00 to $175.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock.
Shares of MicroStrategy (NASDAQ:MSTR) traded up 10.94% during mid-day trading on Tuesday, hitting $152.57. The stock had a trading volume of 247,846 shares. MicroStrategy has a 52-week low of $90.16 and a 52-week high of $146.13. The stock has a 50-day moving average of $140.9 and a 200-day moving average of $128.3. The company has a market cap of $1.724 billion and a price-to-earnings ratio of 61.53.
MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Monday, July 28th. The company reported ($0.91) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.12) by $0.79. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $145.20 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that MicroStrategy will post $0.92 earnings per share for the current fiscal year.
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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