Mizuho Securities Remains Bullish on Microstrategy, Inc. (MSTR) Following Investor Meetings

Mizuho Securities maintained a Buy rating and $200.00 price target on Microstrategy, Inc. (NASDAQ: MSTR) following a series of investor meetings. Checks regarding the company's competitive positioning remain positive, especially for enterprise deployments. The company appears to be opening up to the investment community to discuss its business and communicate its strategy. MSTR's unique positioning as an independent, enterprise-ready BI vendor is allowing it to take share from legacy players.

Analyst Abhey Lamba commented, "We hosted MicroStrategy management for a series of investor meetings on Friday. We continue to believe in management's efforts to increase transparency and its ability to deliver on restructuring initiatives previously communicated. While near-term performance could see choppiness, we believe management is inclined to strategically reinvest into the business as it strives for profitable growth over the next couple of years. Reiterating our Buy rating and $200 PT."

For an analyst ratings summary and ratings history on MicroStrategy click here. For more ratings news on MicroStrategy click here.

Shares of MicroStrategy closed at $179.28 yesterday.

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