UPDATE: Deutsche Bank Reiterates On MicroStrategy Following Investor Meetings

In a report published Monday, Deutsche Bank analyst Karl Keirstead reiterated a Buy rating on

, and raised the price target from $150.00 to $175.00. In the report, Deutsche Bank noted, “Last week MicroStrategy (MSTR) met with investors for the first time since 2005. The ‘open for communication' message was strengthened with the announcement that MSTR would reinstate its quarterly earnings call in time for the 2Q14 results in late July, the designation of an Investor Relations head and the posting of their investment deck (used in the 1x1's last week) on the corporate website. A few weeks ago, MSTR also announced the issuance of another 900,000 stock options to executives, including 400,000 to the CEO Michael Saylor. The September 2013 grant was the first since 2004.” MicroStrategy closed on Friday at $131.63.