Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Wedbush Morgan Raises MicroStrategy to Buy

Wedbush Morgan upgraded MicroStrategy (MSTR) to buy from hold. On Friday, the company reported first-quarter earnings per share of 89 cents.

Analyst Nathan Schneiderman says he is upgrading MicroStrategy based on its compelling valuation at less than 6 times free cash flow. He notes that over the past few months, the stock has fallen from $70 to the low $40s.

While he acknowledges management's new policies have proven unpopular with investors and the sell side, he still believes cash flow generation ultimately drives stock valuation. Schneiderman says he's aware there are a significant number of negative issues weighing on the company, but notes there are also positives, including better-than-expected first-quarter operating profit.

The analyst sees EPS of $3.56 for 2005 and $3.75 for 2006. He has a $55 price target on the stock.

blog comments powered by Disqus