H.C. Wainwright analyst Mike Colonnese kept a Buy rating on Strategy (MSTR) with a $475 price target. He said he remains an “aggressive buyer” after the company’s strong third-quarter results.
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According to Colonnese, Strategy’s net income of $2.8 billion in Q3 2025 shows solid performance. The management also confirmed its full-year guidance for Bitcoin holdings and earnings, which the analyst sees as a clear sign of confidence in the company’s plan and future outlook.
It is worth noting that Colonnese ranks 15 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 69%, with an average return per rating of 92.50% over a one-year timeframe.
Why Analyst Is Bullish on the Stock
The 5-star analyst expects Strategy to step up its Bitcoin buying in Q4, helped by more preferred equity sales. He added that rising Bitcoin prices should lift the company’s market net asset value (mNAV) through the end of the year.
Furthermore, Colonnese noted that Strategy now meets all the requirements for S&P 500 inclusion, such as size, liquidity, and profit levels. While the timing remains uncertain, he believes joining the index would be a significant catalyst for the stock.
He also pointed to the IRS’s recent ruling that unrealized Bitcoin gains won’t be taxed under the Corporate Alternative Minimum Tax (CAMT). This, he said, removes a major worry for Bitcoin-holding firms like Strategy.
On the valuation front, Colonnese sees the stock as undervalued, trading at about 1.3 times its mNAV, or roughly a 35% discount to historical levels. Looking ahead, he expects higher Bitcoin prices, improved capital access, and potential S&P 500 inclusion to drive further upside for the shares.
Is MSTR Stock a Buy Right Now?
According to TipRanks, MSTR stock has a consensus Strong Buy rating among 14 Wall Street analysts. That rating is based on 13 Buys and one Sell assigned in the past three months. The average MSTR price target of $518.21 implies a 94.63% upside from current levels.
