TD Cowen analyst Lance Vitanza maintained a Buy rating on Microstrategy (MSTR – Research Report) today and set a price target of $630.00. The company’s shares closed last Friday at $570.41.
Vitanza covers the Communication Services sector, focusing on stocks such as Deluxe, Gogo, and Clear Channel Outdoor. According to TipRanks, Vitanza has an average return of 11.7% and a 50.98% success rate on recommended stocks.
Currently, the analyst consensus on Microstrategy is a Strong Buy with an average price target of $663.33, which is a 16.29% upside from current levels. In a report released on December 11, BTIG also maintained a Buy rating on the stock with a $690.00 price target.
See the top stocks recommended by analysts >>
MSTR market cap is currently $8.92B and has a P/E ratio of 442.04.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSTR in relation to earlier this year. Earlier this month, Jeanine Montgomery, the SVP & CAO of MSTR sold 7,500.00 shares for a total of $4,243,704.87.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Microstrategy (MSTR) Company Description:
MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. It designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its flagship platform, MicroStrategy 10, consists of the MicroStrategy Analytics, MicroStrategy Mobile, and Usher brands. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989 and is headquartered in Vienna, VA.
Read More on MSTR:
- Here’s What You Missed in Crypto This Week
- MicroStrategy price target raised by $130 at BTIG, here’s why
- Robinhood says crypto trading spiked 75% in November from previous month
- MicroStrategy price target raised to $670 from $554 at Canaccord
- MicroStrategy (NASDAQ:MSTR) Slips as It Adds to Bitcoin Holding
