MicroStrategy Incorporated, a leading provider of artificial intelligence-powered enterprise analytics software and services, has garnered positive ratings from analysts. According to Marketbeat, the stock has received an average rating of “Buy” from the seven analysts covering the company. Six analysts have rated the stock as a buy, while one has issued a strong buy rating.
The average 12-month price target among brokerages that have provided ratings on the stock in the past year stands at $205.94. Notable analysts, such as TD Cowen and Benchmark, have recently increased their price targets on MicroStrategy, expressing confidence in the company’s potential. Canaccord Genuity Group, on the other hand, lowered its price target but maintained a “buy” rating.
In terms of investor activity, several large investors have made modifications to their holdings in MicroStrategy. Cetera Investment Advisers increased its stake in the company by 19.8% during the second quarter. Capital Impact Advisors LLC also acquired a new position in MicroStrategy during the same period. Northwestern Mutual Wealth Management Co. saw a significant increase in its stake, while NewEdge Advisors LLC experienced a 51.8% stake increase. Additionally, Silver Lake Advisory LLC entered a new position in the company.
MicroStrategy’s stock, listed on NASDAQ under the ticker symbol MSTR, opened at $132.09 on Thursday. The company has a market capitalization of $2.34 billion and a beta of 3.11. Its 12-month low and high stand at $30.71 and $200.00, respectively. The stock’s 50-day simple moving average is $144.82, while the 200-day simple moving average is $139.36.
MicroStrategy recently reported its quarterly earnings data, revealing a loss of ($0.57) per share, missing analysts’ consensus estimates of ($0.09) per share. The company’s revenue for the quarter was $111.44 million, lower than analysts’ expectations of $121.99 million. MicroStrategy’s net margin was negative at 43.69%, and it had a negative return on equity of 16.83%. The company’s quarterly revenue decreased by 7.4% compared to the same quarter last year.
MicroStrategy Incorporated operates globally, providing AI-powered enterprise analytics software and services. Its offerings include MicroStrategy ONE, which enables non-technical users to access actionable insights, and MicroStrategy Cloud for Government service, designed to meet the stringent technical and regulatory requirements of governments and financial institutions.