10 Best NASDAQ Stocks with Huge Upside Potential

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1. Strategy Inc (NASDAQ:MSTR)

Number of Hedge Fund Holders: 45

Analyst Upside Potential: 79.51%

Strategy Inc (NASDAQ:MSTR) is one of the Best NASDAQ Stocks to Buy with Huge Upside Potential. On September 8, Lance Vitanza from TD Cowen maintained a Buy rating on Strategy Inc (NASDAQ:MSTR) with a price target of $640.

The analyst noted several financial and strategic factors that led to a bullish rating. Firstly, the company has been increasing its bitcoin holdings faster than its liabilities, which has resulted in a strong balance sheet. Moreover, the analyst believes that this strategy is expected to create value for the company beyond the intrinsic price of bitcoin. He expects bitcoin’s integration into the global financial system to support this premium.

Vitanza also highlighted the recent acquisition of 1,955 bitcoins by Strategy Inc. (NASDAQ:MSTR), which was funded through the issuance of common stock. The analyst noted that this indicates a strategic use of equity to capitalize on market conditions.

Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury and business intelligence company that provides AI-powered enterprise analytics software to thousands of customers worldwide.

While we acknowledge the potential of MSTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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