In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Microstrategy (MSTR – Research Report), with a price target of $550.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Lance Vitanza has given his Buy rating due to a combination of factors including the company’s aggressive yet achievable target for Bitcoin yield in FY25. The management’s new forecast for Bitcoin yield surpasses previous expectations, indicating a strong potential for growth exceeding 15%, which is a significant increase from earlier guidance.
Lance Vitanza also points to recent strategic changes at the company, such as the introduction of a new corporate name and a new class of perpetual preferred stock, as measures that are likely to attract a broader range of investors. These developments suggest a positive outlook for the company, making it an attractive investment opportunity.
In another report released on February 3, BTIG also maintained a Buy rating on the stock with a $570.00 price target.