Bitcoin Volatility, HPE Upgrade, Instacart Downgrade: A Finance Expert's Take

MicroStrategy's shares are sliding as Mizuho analyst Hart Paul reiterated a sell, citing credit market skepticism of the debt used to finance Bitcoin purchases. The company is highly leveraged to Bitcoin, which can be volatile. Despite this, Wall Street remains bullish on the name, with 90% of analysts recommending a buy. Hewlett Packard Enterprise is getting a boost from Morgan Stanley, which upgraded the stock from equal weight to overweight and raised its target to $28. The analyst is looking forward to the September 3rd earnings announcement. Instacart is being downgraded by Evercore ISI due to increased competition and lower sales forecasts.

MicroStrategy's (MSTR) shares are experiencing a downward trend as Mizuho analyst Hart Paul reiterated a sell recommendation, citing concerns over the debt used to finance Bitcoin purchases [1]. The company's high leverage to Bitcoin, a volatile asset, has raised credit market skepticism. Despite this, Wall Street remains bullish on the name, with 90% of analysts recommending a buy [1].

Meanwhile, Hewlett Packard Enterprise (HPE) shares have gained traction following an upgrade by Morgan Stanley. The analysts upgraded the stock from equal-weight to overweight and raised their price target to $28 [2]. The upgrade was driven by positive signs of increased enterprise spending on AI and networking-related products [2]. The firm anticipates strong earnings for the July quarter and expects top-line and bottom-line outperformance across the group [2].

Instacart (CART) is facing a downgrade from Evercore ISI due to increased competition and lower sales forecasts [3]. The firm cited a challenging competitive landscape and lower sales projections as reasons for the downgrade [3].

References:
[1] MicroStrategy Snaps Up More Bitcoin - Holdings Now Worth Over $72B. (https://coindoo.com/microstrategy-snaps-up-more-bitcoin-holdings-now-worth-over-72b/)
[2] Key Takeaways Hewlett Packard Enterprise shares gained when Morgan Stanley upgraded the stock from equal-weight to overweight. (https://finance.yahoo.com/news/hewlett-packard-enterprise-stock-gets-142959969.html)
[3] Instacart is being downgraded by Evercore ISI due to increased competition and lower sales forecasts. (https://finance.yahoo.com/news/wall-street-experts-saying-walmart-143025674.html)