Why Has Mizuho Given MicroStrategy (NASDAQ:MSTR) a $200.0 Price Target
Mizuho analyst began issuing coverage on MicroStrategy (NASDAQ:MSTR) with a $200.0 Estimated Target Price and “Buy” rating. The Estimated Target Price may mean a potential upside of 15.77% from firm’s last stock price.
From a total of 5 analysts covering MicroStrategy (NASDAQ:MSTR) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $242 while the lowest target price is $190. The mean of all analyst targets is $221.8 with a 40.32% above today’s ($172.75) stock price. MicroStrategy was the topic of 5 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Lake Street initiated shares on October 19 with “Hold” rating. SunTrust upgraded MSTR stock in a recent report from August 4 to “Buy” rating.
The stock increased 0.13% or $0.22 during the last trading session, striking $172.75. Approximately shares of stock traded hands. MicroStrategy Incorporated (NASDAQ:MSTR) has declined 4.47% since May 8, 2015 and is downtrending. It has underperformed by 1.46% the S&P500.
The overall sentiment of institutions has is 1.35 in Q2 2015. Its the same as in 2015Q2. The ratio has no change, as 16 institutions have sold all the shares of MicroStrategy Incorporated that they owned while 64 funds have taken shares off the table. only 34 funds have purchased shares for the first time while 74 added to their positions. These institutions now hold 7.96 million shares or 7.06% less than the 8.57 million shares they owned in 2015Q2.
The Fund Ao Asset Management Llc currently is holding shares equating to 8.31% of its total portfolio in MicroStrategy Incorporated representing a total of 171,000 shares. Another fund,Glenhill Advisors Llc, is holding a total of 443,917 shares equating to 6.83% of their holdings. Additionally, Apex Capital Llc has a 204,250 share stake in MicroStrategy Incorporated which represents 3.81% of their total portfolio. The Fund, Eminence Capital Lp, based out of New York, has also built up a stake in the stock, which represents a total of 2.36% of their total portfolio. Finally Proxima Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 45,636 shares.
MicroStrategy Incorporated is a provider of enterprise-ready analytics, mobile, and security software platforms. The company has a market cap of $1.96 billion. The MicroStrategy Analytics Platform provides organizations to analyze vast amounts of data and distribute actionable business insight throughout an enterprise through two offerings: MicroStrategy Analytics Platform and MicroStrategy Analytics Desktop. It has 35.47 P/E ratio. The Company’s MicroStrategy Analytics Platform delivers reports and dashboards, and provides users to conduct ad hoc analysis and share insights anywhere, anytime, through mobile devices or the Web.
According to Zacks Investment Research, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters.” Get a free copy of the Zacks research report on MicroStrategy Incorporated (MSTR).