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MicroStrategy (MSTR) PT Raised to $871 at Canaccord Genuity

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MicroStrategy (MSTR) Tops Q3 Estimates, Adds Nearly 9,000 Bitcoins (BTC) in Q3 and Says It May Buy More; Analyst Positive

October 29, 2021 6:05 AM EDT

Shares of MicroStrategy (NASDAQ: MSTR) are up 1% in pre-open Friday after the company reported higher-than-expected Q3 profit and sales.

Microstrategy reported Q3 EPS of $1.86 to smash the analyst estimate of $1.24. Revenue for the quarter came in at $128 million versus the consensus estimate of $127.47 million.

MicroStrategy delivered strong third quarter results that demonstrated... More