Strategy (MSTR): New Buy Recommendation for This Technology Giant
In a report released today, Lance Vitanza from TD Cowen reiterated a Buy rating on Strategy, with a price target of $350.00.
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According to TipRanks, Vitanza is a 5-star analyst with an average return of 20.2% and a 46.31% success rate. Vitanza covers the Communication Services sector, focusing on stocks such as Clear Channel Outdoor, TKO Group Holdings, and Liberty Media Liberty Formula One.
In addition to TD Cowen, Strategy also received a Buy from Bernstein’s Gautam Chhugani in a report issued yesterday. However, on April 6, TipRanks – OpenAI reiterated a Hold rating on Strategy (NASDAQ: MSTR).
Based on Strategy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $122.99 million and a GAAP net loss of $12.62 billion. In comparison, last year the company earned a revenue of $120.7 million and had a GAAP net loss of $670.81 million
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is neutral on the stock. Last month, Jarrod Patten, a Director at MSTR sold 700.00 shares for a total of $89,628.00.
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