UPDATE: Deutsche Bank Downgrades MicroStrategy (MSTR) to Hold

July 28, 2017 7:03 AM EDT
Get Alerts MSTR Hot Sheet
Price: $342.64 -1.84%

Rating Summary:
    8 Buy, 8 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 33 | New: 7
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(Updated - July 28, 2017 7:22 AM EDT)

(updated to add analyst comment)

Deutsche Bank downgraded MicroStrategy (NASDAQ: MSTR) from Buy to Hold with a price target of $180.00 (from $220.00).

FY 2018 EPS estimate falls from $7.97 to $5.02.

Analyst Karl Keristead lowers 2018 EPS estimate and FCF estimate which drives his downgrade as he decides to move to the sidelines. He also notes that revenue growth is stalling.

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 $189.18 yesterday.

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