Canaccord Genuity Maintains Buy on MicroStrategy, Raises Price Target to $670
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on MicroStrategy (NASDAQ:MSTR) and increased the price target from $554 to $670.
December 06, 2023 | 9:30 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Canaccord Genuity has reaffirmed a Buy rating on MicroStrategy and raised the price target to $670, indicating a positive outlook on the stock.
The increase in price target by Canaccord Genuity suggests a strong conviction in MicroStrategy's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants often react positively to analyst upgrades.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100