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Why MicroStrategy (MSTR) Could Be Positioned for a Surge?

MicroStrategy Inc. (MSTR) is a Computer Software company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MSTR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that MicroStrategy could be a solid choice for investors.

Current Quarter Estimates for MSTR

In the past 30 days, 2 estimates have gone higher for MicroStrategy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 89 cents a share 30 days ago, to $1.56 today, a move of 75.3%.

Current Year Estimates for MSTR

Meanwhile, MicroStrategy’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 66 cents per share 30 days ago to breakeven today, a significant move upwards.

Bottom Line

The stock has also started to move higher lately, adding 7.8% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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