Benchmark Co. analyst Mark Palmer maintains $MicroStrategy (MSTR.US)$ with a buy rating, and adjusts the target price from $245 to $300.
According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 11.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MicroStrategy (MSTR.US)$'s main analysts recently are as follows:
The benign operating results of MicroStrategy were noted, yet were overshadowed by an ambitious new capital plan that aims to cement the company's status as a foremost Bitcoin Treasury Company.
MicroStrategy has revealed a capital raising initiative amounting to $42 billion over the coming three years, as noted in their recent quarterly report. This plan includes raising $21 billion through equity offerings and an equal amount through fixed income instruments, with the aim of purchasing additional bitcoin. The company's strategy to generate a yield on bitcoin through accretive capital raising to facilitate further bitcoin acquisitions is cited as the reason for the stock's premium valuation relative to the spot value of its bitcoin assets.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
