Could MicroStrategy Stock Help You Become a Millionaire?
(NASDAQ: MSTR), a developer of data mining and analytics software, made a lot of investors millionaires shortly after its public debut on June 11, 1998. It went public at a split-adjusted price of $60 per share and eventually skyrocketed to an all-time high of $3,130 during the peak of the dot-com bubble on March 10, 2000.
Today, MicroStrategy's stock only trades at about $480. A $20,000 investment in its initial public offering (IPO) would have blossomed to $1.04 million before shrinking back to $160,000. That pullback is disappointing, but that eight-bagger gain still outperformed the S 500 -- which would have turned the same investment to $140,000 after including reinvested dividends.
Image source: Getty Images.
Source Fool.com
Microstrateg.a New Stock
€84.23
-1.270%
The stock is one of the favorites of our community with 60 Buy predictions and 2 Sell predictions.
Based on the current price of 84.23 € the target price of 227 € shows a potential of 169.5% for Microstrateg.a New which would more than double the current price.
