Fintel reports that on June 13, 2024, Bernstein initiated coverage of MicroStrategy (NasdaqGS:MSTR) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.75% Upside
As of June 12, 2024, the average one-year price target for MicroStrategy is 1,792.09. The forecasts range from a low of 1,464.50 to a high of $2,149.35. The average price target represents an increase of 11.75% from its latest reported closing price of 1,603.67.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MicroStrategy is 540MM, an increase of 10.32%. The projected annual non-GAAP EPS is 0.43.
What is the Fund Sentiment?
There are 854 funds or institutions reporting positions in MicroStrategy. This is an increase of 244 owner(s) or 40.00% in the last quarter. Average portfolio weight of all funds dedicated to MSTR is 0.68%, an increase of 51.03%. Total shares owned by institutions increased in the last three months by 16.51% to 11,076K shares. 
The put/call ratio of MSTR is 1.15, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 1,792K shares representing 10.10% ownership of the company. In its prior filing, the firm reported owning 1,559K shares , representing an increase of 12.99%. The firm increased its portfolio allocation in MSTR by 180.13% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 838K shares representing 4.73% ownership of the company. In its prior filing, the firm reported owning 801K shares , representing an increase of 4.50%. The firm increased its portfolio allocation in MSTR by 89.76% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 612K shares representing 3.45% ownership of the company. In its prior filing, the firm reported owning 510K shares , representing an increase of 16.66%. The firm increased its portfolio allocation in MSTR by 195.58% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 472K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 336K shares , representing an increase of 28.85%. The firm increased its portfolio allocation in MSTR by 245.80% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 383K shares representing 2.16% ownership of the company. In its prior filing, the firm reported owning 272K shares , representing an increase of 29.01%. The firm increased its portfolio allocation in MSTR by 250.27% over the last quarter.
Microstrategy Background Information
(This description is provided by the company.)
MicroStrategy is a worldwide leader in enterprise analytics and mobility software. A pioneer in the BI and analytics space, MicroStrategy delivers innovative software that empowers people to make better decisions and transform the way they do business. MicroStrategy provides its enterprise customers with world-class software and expert services so they can deploy unique intelligence applications.
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This story originally appeared on Fintel.
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