MicroStrategy (MSTR) has announced a partnership with STACKIT, a European cloud and co-location provider. This collaboration aims to expand the reach of MicroStrategy ONE, MSTR’s AI-powered business intelligence (BI) platform, to regulated businesses in Europe.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Under the deal, the companies will launch the MicroStrategy Sovereign European Cloud, a secure platform for AI and BI solutions that meets EU data regulations. This platform ensures compliance with the General Data Protection Regulation (GDPR), which governs data protection and privacy within the EU.
The focus on data security is expected to attract businesses in highly regulated sectors such as finance, healthcare, and government, which have stringent data security and privacy requirements.
MSTR Embraces Rising AI and Digital Assets Demand in Europe
The launch of the European sovereign cloud with STACKIT marks a significant step in MicroStrategy’s global expansion. This move comes at a time of rising demand for AI and digital assets in Europe, with regulations like MiCA (Markets in Crypto-Assets) influencing the crypto industry.
By leveraging STACKIT’s expertise in European cloud infrastructure, MSTR aims to capture market share in the region’s growing business intelligence market. This move is also expected to diversify MicroStrategy’s revenue streams and mitigate the impact of Bitcoin (BTC-USD) price fluctuations that may impact its bottom line.
Is MSTR Stock a Good Buy?
Turning to Wall Street, MSTR stock has a Strong Buy consensus rating based on eight unanimous Buys assigned in the last three months. At $529.57, the average MicroStrategy price target implies a 59.65% upside potential. Shares of the company have gained 154.8% in the past six months.
