Benchmark Starts Strive Enterprises, Inc. (ASST) at Buy
Benchmark analyst Mark Palmer initiates coverage on Strive Enterprises, Inc. (NASDAQ: ASST) with a Buy rating and a price target of $32.00.
The analyst comments "We are initiating coverage of Strive Inc. (ASST) with a Buy rating and a price target of $32. Strive has emerged as one of the most differentiated publicly traded bitcoin treasury companies in the market today due to the way it is attempting to finance, structure, and monetize its holdings. In our view, the company’s use of its SATA perpetual preferred stock as its primary funding engine for bitcoin accumulation meaningfully differentiates it from most other bitcoin treasury companies that continue to rely on convertible debt, margin financing, or repeated common equity dilution. As a result, Strive has a capital structure that is purpose-built to withstand bitcoin volatility and that positions it to maximize bitcoin-per-share growth."
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Shares of Strive Enterprises, Inc. closed at $17.20 yesterday.