Cantor Fitzgerald starts coverage of MicroStrategy with overweight rating and $442.87 price target.

From Nasdaq

August 22, 2024 09:39 AM:

Cantor Fitzgerald initiated coverage of MicroStrategy on August 21, 2024, with an Overweight recommendation. The average one-year price target for MicroStrategy is $442.87/share, a 213.09% increase from the latest closing price of $141.45/share. Estimated annual revenue is $540MM with a projected non-GAAP EPS of 0.43.

There are 942 funds/institutions holding positions in MicroStrategy, up 18.79% from the last quarter. In the last three months, institutions decreased total shares to 10,761K. The put/call ratio is 1.14, indicating a bearish outlook. Institutional investors like Capital International Investors and AGTHX have adjusted their holdings in MSTR.

Other institutional investors like ANCFX, VTSMX, and NAESX are also adjusting their positions in MicroStrategy. These funds have varying ownership percentages and have made changes to their portfolios in the last quarter. MicroStrategy is known for its enterprise analytics and mobility software, empowering users to make better business decisions.

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Read more at NASDAQ MarketSite: Cantor Fitzgerald Initiates Coverage of MicroStrategy (MSTR) with Overweight Recommendation