Canaccord Genuity Maintains Buy on MicroStrategy, Lowers Price Target to $1590
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on MicroStrategy (NASDAQ:MSTR) but lowers the price target from $1810 to $1590.
April 30, 2024 | 12:04 pm
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Canaccord Genuity maintains a Buy rating on MicroStrategy but lowers the price target from $1810 to $1590.
While the reduction in price target could suggest a tempered outlook on MicroStrategy's future price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100