Benchmark Reiterates Buy Rating on Strategy (MSTR)
Benchmark analyst Mark Palmer reiterated a Buy rating and $650.00 price target on Strategy (NASDAQ: MSTR).
The analyst comments "We are reiterating our Buy rating on MSTR and our price target of $650 based on a sum-of-the-parts analysis that includes (1) the projected value of the company’s bitcoin holdings as of YE26, (2) a 15x multiple of its FY26E BTC $ Gain, and (3) the projected value of its software business as of YE26. MSTR now trades at 2.13x its net asset value, a level that we view as attractive given the company’s demonstrated ability to create shareholder value through its treasury operations."
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Shares of Strategy closed at $381.60 yesterday.