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New Buy Rating for Strategy (MSTR), the Technology Giant

Tipranks - Tue Apr 14, 10:51AM CDT

In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Strategy, with a price target of $385.00.

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Vitanza covers the Communication Services sector, focusing on stocks such as Clear Channel Outdoor, TKO Group Holdings, and Liberty Media Liberty Formula One. According to TipRanks, Vitanza has an average return of 19.7% and a 47.60% success rate on recommended stocks.

Currently, the analyst consensus on Strategy is a Strong Buy with an average price target of $279.58.

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 101 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Jarrod Patten, a Director at MSTR sold 2,100.00 shares for a total of $270,648.00.

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