UBS Cuts Price Target on MicroStrategy (MSTR); Lower Peer Multiples

UBS maintains a 'Neutral' on MicroStrategy (NASDAQ: MSTR) price target of $143.00 (from $150.00).

Analyst, Brent Thill, said, "MSTR has a best of breed BI product, 40%+ maintenance streams, and an enviable 3,000+ customer base. MSTR is facing an easy 16% license comp in this Qtr vs. 53%+ comps the last 2 Quarters. Shares are also relatively cheap at only 1.7x CY13E EV/S, below the 2.0x mark best of breed software cos should trade over. However, as we wait to see how recent investments play out, we are cautious in the near term and are lowering our PT to reflect a ~10% lower comp group multiple since last Quarter.

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 $130.26 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Strategy (MSTR) call put ratio 1.7 calls to 1 put as Bitcoin $70K
• Active options: MSTR PLTR SNDK SMCI NBIS MSFT META GOOGL NU NFLX ONDS