Bernstein Maintains Outperform on MicroStrategy, Adjusts Price Target To $290 (10-1 Stock Split)
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Gautam Chhugani maintains an Outperform rating on MicroStrategy (NASDAQ:MSTR) and adjusts the price target to $290 following a 10-1 stock split.
October 09, 2024 | 6:37 pm
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Bernstein analyst Gautam Chhugani maintains an Outperform rating on MicroStrategy and adjusts the price target to $290 following a 10-1 stock split.
The maintenance of an Outperform rating and the adjustment of the price target to $290 post a 10-1 stock split is a positive signal for investors. The stock split makes shares more accessible, potentially increasing demand. The analyst's confidence in the company's performance supports a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100