Analyst Lance Vitanza from TD Cowen maintained a Buy rating on Strategy and keeping the price target at $535.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lance Vitanza’s rating is based on several strategic moves by Strategy that highlight its potential for growth and value creation. The company has effectively utilized the proceeds from its recent IPO of Euro-denominated securities to expand its bitcoin holdings, demonstrating its commitment to increasing bitcoin exposure for investors. This move is particularly significant as it comes amidst a period of heightened bitcoin volatility, showcasing the company’s resilience and strategic foresight.
Additionally, Strategy’s introduction of the Euro-denominated preferred stock, known as the Stream Prefs, has opened new avenues for European investors to gain bitcoin exposure with reduced volatility compared to direct bitcoin holdings or ETFs. The successful pricing and deployment of these securities not only exceeded initial expectations but also positioned Strategy as a unique investment vehicle in the European market. These factors collectively underpin Vitanza’s Buy rating, reflecting confidence in Strategy’s ability to leverage its financial instruments for sustained growth.
In another report released today, Bernstein also reiterated a Buy rating on the stock with a $600.00 price target.