Fintel reports that on August 21, 2024, Cantor Fitzgerald initiated coverage of MicroStrategy (NasdaqGS:MSTR) with a Overweight recommendation.
Analyst Price Forecast Suggests 213.09% Upside
As of August 6, 2024, the average one-year price target for MicroStrategy is $442.87/share. The forecasts range from a low of $162.89 to a high of $1,942.50. The average price target represents an increase of 213.09% from its latest reported closing price of $141.45 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MicroStrategy is 540MM, an increase of 12.38%. The projected annual non-GAAP EPS is 0.43.
What is the Fund Sentiment?
There are 942 funds or institutions reporting positions in MicroStrategy. This is an increase of 149 owner(s) or 18.79% in the last quarter. Average portfolio weight of all funds dedicated to MSTR is 0.45%, an increase of 20.07%. Total shares owned by institutions decreased in the last three months by 1.72% to 10,761K shares. 
The put/call ratio of MSTR is 1.14, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 1,726K shares representing 0.99% ownership of the company. In its prior filing, the firm reported owning 1,792K shares , representing a decrease of 3.83%. The firm decreased its portfolio allocation in MSTR by 20.86% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 824K shares representing 0.47% ownership of the company. In its prior filing, the firm reported owning 838K shares , representing a decrease of 1.74%. The firm increased its portfolio allocation in MSTR by 45.54% over the last quarter.
ANCFX - AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 612K shares representing 0.35% 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 0.27% 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 0.22% 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.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
