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Fly News Breaks for October 30, 2019
Oct 30, 2019 | 07:14 EDT
Citi analyst Tyler Radke says MicroStrategy's execution challenges resurfaced in Q3 as the company's sales results disappointed due to weakness in Europe. Further, the analyst does not really see a true "cloud transition" scenario at the company given management's insistence on giving customers choice and a large enterprise customer base that is mainly deployed on-premise today. He believes the stock remains a "show-me" story and keeps a Neutral rating on MicroStrategy with a price target of $150, down from $153.
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