What's Going On With MicroStrategy Stock?

MicroStrategy Incorporated MSTR shares are trading lower Tuesday as Bitcoin BTC/USD and the broader market fall on increased instability in the Middle East.

What To Know:

Broader markets are falling Tuesday as investors digest reports suggesting Iran may be preparing an imminent attack on Israel which could lead to additional uncertainty in the region and global markets. Bitcoin is also down 1.63% and trading below the $63,000 level, according to data from Benzinga Pro.

MicroStrategy's stock often moves with bitcoin as the company holds approximately 252,220 bitcoins as of Sept. 19, 2024, acquired at an average price of approximately $39,266 per bitcoin. 

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What Else: On Tuesday, the company announced the latest release of MicroStrategy ONE, its fully cloud-native AI/BI platform. The updates include integrations with Microsoft Teams and new features for Auto, the MicroStrategy AI bot, like the ability to answer open-ended questions. 

“MicroStrategy ONE’s newest release combats the current ‘trough of disillusionment’ that so many enterprises are experiencing with GenAI,” said Saurabh Abhyankar, Chief Product Officer at MicroStrategy. 

“By improving AI’s reliability, accessibility, and explainability, and by seamlessly integrating with tools like Teams, MicroStrategy ONE empowers all employees, no matter their skill level, to obtain accurate information quickly so they can make better, faster decisions.”

Will MSTR Stock Go Up?

When trying to assess whether or not MicroStrategy will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $709.43 on MicroStrategy. The Street high target is currently at $2150 and the Street low target is $146. Of all the analysts covering MicroStrategy, 7 have positive ratings, no one has neutral ratings and no one has negative ratings.

In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering MicroStrategy have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. MicroStrategy is 135.71% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.

For a broad overview of everything you need to know about MicroStrategy, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

MSTR Price Action: According to Benzinga Pro, MicroStrategy shares are down 4.55% at $160.74 at the time of publication Tuesday.

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