TD Cowen Just Cut Its Price Target on MicroStrategy (MSTR) Stock

MicroStrategy (NASDAQ:MSTR) stock is in the news Wednesday after TD Cowen cut its price target for the data analytics company’s shares.TD Cowen analysts reduced their price target for MSTR stock from $1,560 per share to $1,450 per share. This represents a potential 2.3% upside from the stock’s prior closing price. It’s also still above the analysts’ consensus price prediction of $1,150.60 per share.Investors will note that this price target reduction comes incredibly soon after TD Cowen analysts bumped the ...