Barclays recommends buying MicroStrategy stock with a $44.29 price target

From MarketWatch, September 06, 2024 09:16:02 AM:

Barclays initiated coverage of MicroStrategy (NasdaqGS:MSTR) with an Overweight recommendation on September 6, 2024, with an average one-year price target of $44.29/share, indicating a 62.96% downside potential from the latest reported closing price of $119.57/share.

MicroStrategy’s projected annual revenue is $540 million, showing a 12.38% increase, with a projected annual non-GAAP EPS of 0.43. There are 969 funds or institutions holding positions in MicroStrategy, reflecting a 13.33% increase in the last quarter.

Various shareholders like Capital International Investors, AGTHX – GROWTH FUND OF AMERICA, and others own different percentages of MicroStrategy, with fluctuations in their portfolio allocations over the past quarter. At the same time, Susquehanna International Group, Llp increased its portfolio allocation by 33.81% in the last quarter.

MicroStrategy is a leader in enterprise analytics and mobility software, providing solutions for better decision-making and business transformation. Fintel offers comprehensive investment research data, including fundamentals, analyst reports, ownership data, and more for individual investors, financial advisors, and small hedge funds.

Read more at Nasdaq, Inc.: Barclays Initiates Coverage of MicroStrategy (MSTR) with Overweight Recommendation