Alliance Global Partners initiated coverage on MicroStrategy Incorporated (MSTR) with a "Buy" rating. It set a price target of $217.00. The endorsement follows MicroStrategy's strategy to accumulate Bitcoin. The company recently resumed Bitcoin purchasing after a ten-week pause.
The positive outlook comes despite GF Value data indicating the stock is overvalued. GuruFocus notes MicroStrategy has moderate financial strength and profitability. Its growth rank is low. Insider activity shows significant selling over the past three months.