FBR Capital Upgrades MicroStrategy (MSTR) to Outperform on Improving Outlook

March 5, 2013 6:47 AM EST
Get Alerts MSTR Hot Sheet
Price: $202.51 +0.79%

Rating Summary:
    8 Buy, 7 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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FBR Capital upgraded MicroStrategy (NASDAQ: MSTR) from Market Perform to Outperform with a price target of $140.00 (from $105.00).

The firm said the company will be able to: (1) enhance its growth profile thanks in part to recent sales management changes and to its new cloud-based products, and (2) expand margins and thereby drive material operating leverage.

The analyst said shares are currently trading at a steep discount, at only 1.4x EV/revenue using their 2014 estimate, versus a peer group average of 3.2x. They believe investor expectations have been lowered with Q4 results.

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 $103.05 yesterday.

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