MicroStrategy shares are trading lower after Canaccord Genuity lowered its price target on the stock from $185 to $173.
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy's stock is experiencing a decline following Canaccord Genuity's decision to lower its price target from $185 to $173.
September 16, 2024 | 2:56 pm
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MicroStrategy's stock is trading lower due to Canaccord Genuity reducing its price target from $185 to $173, indicating a less optimistic outlook.
The reduction in the price target by Canaccord Genuity suggests a less favorable view of MicroStrategy's future performance, leading to a negative impact on its stock price. Investors often react to such changes in analyst ratings, causing short-term price movements.
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