MicroStrategy Poised for Growth With Strong Bitcoin Exposure and Software Expansion: Analyst
- A.R.T Digital Team
- Sep 6, 2024
- 1 min read
Barclays analyst Ramsey El-Assal initiated coverage on MicroStrategy Inc (NASDAQ:MSTR) with an Overweight rating and a price target of $146.
El-Assal flagged the company’s unique differentiated vehicle that allows public company investors to gain exposure to bitcoin, resilient capital deployment model offering a long runway for continued bitcoin accumulation and protection from black swan liquidity events, software performance backed by a fast-growing TAM and demand for next-gen technology, the mix shift towards subscription services leading to higher-margin and recurring revenue and the software business’ high retention rates.
Source - Yahoo! Finance
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