UBS Raises Price Target on MicroStrategy (MSTR) to $140; More Cautious After Recent Move

March 21, 2012 12:08 PM EDT
Get Alerts MSTR Hot Sheet
Price: $201.55 +1.28%

Rating Summary:
    8 Buy, 7 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS maintains a 'Neutral' on MicroStrategy (NASDAQ: MSTR) price target raised from $120 to $140.

UBS analyst said, "MSTR is up 24% YTD, similar to overall software group at +26% YTD. We are updating our price target to reflect a slightly higher valuation multiple, however we remain cautious on the story with a relatively higher risk profile than its peers. The company continued to spend at a fast pace last year ($107M more in opex and $24M more in capex CY11) with little insight into how long they will continue to invest at this pace and when the investments will pay off."

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 $134.09 yesterday.

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