MicroStrategy Announces Proposed Private Offering of $500 Million of Convertible Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: Jun 13 2024
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Source: Newsfilter
MSTR.O$0.0000%Past 6 months

No Data
Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 524.08 USD with a low forecast of 425.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 524.08 USD with a low forecast of 425.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 186.010

Current: 186.010

Outperform -> NULL
downgrade
$586 -> $484
Reason
Mizuho lowered the firm's price target on Strategy to $484 from $586 and keeps an Outperform rating on the shares. The firm updated the company's model post the Q3 report.
Sell -> Neutral
upgrade
$NULL
Reason
Monness Crespi upgraded Strategy to Neutral from Sell without a price target. The firm sees continued downside risk but says the "skew to downside pressure has meaningfully lessened" following the stock's recent selloff. Strategy's "convertible arbitrage volatility export narrative" has ended with remaining converts to be equitized in due time, the analyst tells investors in a research note. Monness believes its Sell thesis has played out.
downgrade
$537 -> $443
Reason
Clear Street lowered the firm's price target on Strategy to $443 from $537 and keeps a Buy rating on the shares. The firm remains "bullish" on bitcoin long-term, anticipating further adoption as a store of wealth, but revised bitcoin price assumptions to $125,000 from $135,000 previously, driving its target change for Strategy.
maintain
$464 -> $474
Reason
Canaccord raised the firm's price target on Strategy to $474 from $464 and keeps a Buy rating on the shares. The firm said the company is almost synonymous with Bitcoin but feels the model has evolved at an accelerating rate since then, culminating to date with the highly successful rollout of minimally dilutive preferred equity. Clearly BTC spot has to trend higher for the shares to continue to work over the medium/long term, but they like the supply/demand setup for bitcoin over time.
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.