Lance Vitanza, an analyst from TD Cowen, maintained the Buy rating on Strategy (MSTR – Research Report). The associated price target was raised to $590.00.
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Lance Vitanza has given his Buy rating due to a combination of factors that highlight Strategy’s promising position in the Bitcoin space. The company has introduced new key performance indicators and investment metrics aimed at providing credit and equity investors with a clearer understanding of the opportunities within the Bitcoin sector.
Vitanza notes the strong momentum in both the issuance of Bitcoin-related products and the growing awareness among investors. The price target is set at $590, based on an unchanged 9x multiple and a slightly more optimistic growth trajectory. These elements collectively suggest a positive outlook for Strategy’s stock, justifying the Buy rating.
In another report released on May 8, Mizuho Securities also maintained a Buy rating on the stock with a $563.00 price target.