Lance Vitanza, an analyst from TD Cowen, maintained the Buy rating on Strategy (MSTR – Research Report). The associated price target remains the same with $550.00.
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Lance Vitanza has given his Buy rating due to a combination of factors including Strategy’s ambitious capital plan and its resilience in the face of market volatility. The company has increased its capital plan by $42 billion, aiming to support its BTC treasury operations, and plans to raise a total of $56.7 billion by December 2027. This aggressive strategy is supported by the company’s ability to maintain its premium even during significant bitcoin price corrections, demonstrating its robustness and appeal to investors.
Another reason for the Buy rating is Strategy’s growing position in the capital markets. The company’s market capitalization has grown significantly, making its plans to raise additional capital more feasible. This growth, combined with the company’s strategic focus on bitcoin exposure, positions it as an attractive option for investors seeking to benefit from the cryptocurrency market. Vitanza believes that these factors, along with the company’s increased BTC yield target, make Strategy a compelling investment opportunity.
Vitanza covers the Communication Services sector, focusing on stocks such as Clear Channel Outdoor, Opera, and Deluxe. According to TipRanks, Vitanza has an average return of 23.3% and a 43.85% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $421.00 price target.