Analysts Remain Bullish On Business Intelligence Firm

MicroStrategy Stock Price Target Raised by Maxim Group

Analysts Remain Bullish on Business Intelligence Firm

Target Price Increased to $193,000 Amidst Strong Performance

WEB Maxim Group has raised its target price on shares of MicroStrategy from $183,500 to $193,000, citing the company's strong financial performance and positive outlook. The new target price is based on the consensus estimates of 12 analysts who have provided 12-month price targets for MicroStrategy in the past three months.

Maxim Group analyst Matthew Galinko also weighed in on Microstrategy's performance, issuing a "Buy" rating and a price target of $193,000. Galinko noted that MicroStrategy's recent quarterly earnings report "exceeded expectations," driven by strong demand for the company's business intelligence software.

Overall, analysts remain bullish on MicroStrategy, with an average one-year price target of $148,511. This target represents a significant premium to the current market price of $132,210, suggesting that analysts believe there is still significant upside potential for MicroStrategy shares.

In recent trading, shares of MicroStrategy have crossed above the average analyst 12-month price target, indicating that investors are becoming increasingly confident in the company's future prospects. MicroStrategy is expected to report its next quarterly earnings on August 2, 2023, and analysts will be closely watching the company's results for any signs of continued growth.