What's Going On With MicroStrategy Shares Thursday?

MicroStrategy MSTR announced the latest changes to MicroStrategy ONE, updates to its HyperIntelligence platform. The stock is slightly higher following Monday’s dip.

What to Know: MicroStrategy ONE now allows users to embed AI-powered data insights into any web or mobile application. This allows for frontline workers to directly access data insights without the need for coding or system integration.

In addition, HyperIntelligence is now powered by MicroStrategy’s generative AI platform named Auto. It enables users to ask natural language questions and receive instant responses from business intelligence data within their existing applications.

The company announced last week that from April to June MicroStrategy acquired 11,931 Bitcoin BTC/USD, bringing the company’s total to 226,331 bitcoins.

On Monday, MicroStrategy stock dipped as the price of bitcoin dropped below $62,000. As of Thursday morning, the price of bitcoin has recovered from the dip, trading at $62,007, and MicroStrategy stock is trading higher too, according to data from Benzinga Pro.

Analyst Changes: Separately, several analysts have issued price target adjustments within the last week.

• On Tuesday, Maxim Group analyst Matthew Galinko initiated coverage on MicroStrategy with a Buy rating and announced a price target of $1835.
• On Monday, Canaccord Genuity analyst Joseph Vafi maintained MicroStrategy with a Buy and lowered the price target from $2047 to $1826.
• On Friday, TD Cowen analyst Lance Vitanza maintained MicroStrategy with a Buy and raised the price target from $1450 to $1880.

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MSTR Price Action: At the time of writing, MicroStrategy stock is trading up 2.21% at $1,490.00 per data from Benzinga Pro.

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