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UBS Maintains a 'Neutral' on MicroStrategy (MSTR); Base Hit, Not Homerun

May 3, 2012 11:38 AM EDT Send to a Friend
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Price: $145.22 -3.02%

Rating Summary:
    5 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 31 | New: 6
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UBS maintains a 'Neutral' on MicroStrategy (NASDAQ: MSTR) price target raised from $140 to $150.

Analyst, Brent Thill, said, "MSTR put up healthy 37% license growth, beating the St’s total revenue estimate by $5M. However MSTR’s beat did not flow down to EPS, meeting the St’s OPM and missing EPS by $0.04 due to increased h/c. We are fine tuning our CY12 license growth to 19% from 12% to reflect Q1’s healthy demand and are now modelling 16% total rev growth vs. our old 13% estimate. Comps for Q2 and the rest of the year look easy now, ranging from 14-22% vs. the 50%+ hurdles they faced the last two Q’s. Despite the blemishes, we believe MSTR will trade up on healthy Q1 demand."

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 $142.04 yesterday.




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