Strategy price target raised to $540 from $500 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Strategy (MSTR) to $540 from $500 and keeps a Buy rating on the shares. The firm says it remains its top stock pick for 2026 coming out of the company’s Q4 earnings release. Wainwright’s thesis for Strategy to outperform Bitcoin in 2026 by way of consistent Bitcoin per share gains remains intact, and is on full display in today’s session, with the stock surging 20% vs. a 10% recovery in Bitcoin prices. Meanwhile, from an execution standpoint, the firm is encouraged by Strategy’s pace of Bitcoin purchases to start the year despite extremely weak investor sentiment for both Bitcoin and Strategy, as the company still managed to raise $3.9B to purchase an additional 41,002 Bitcoin in the month of January alone.