5 Best Software Application Stocks to Buy Now

Page 1 of 5

In this article, we will list the 5 Best Software Application Stocks to Buy Now. Please visit 11 Best Software Application Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of best software application stocks.

5. Strategy Inc. (NASDAQ:MSTR)

Strategy Inc. (NASDAQ:MSTR) is one of the 11 best software application stocks to buy now.

On March 16, Strategy Inc. (NASDAQ:MSTR) provided an update on its bitcoin holdings in a regulatory filing. The company reported that between March 9 and March 15, it purchased 22,337 units of the virtual currency at an average price of $70,194 per unit, or around $1.57 billion. As of March 15, the company owns 761,068 units of the virtual currency, purchased for about $57.61 billion.

Copyright: rawpixel / 123RF Stock Photo

On March 4, Clear Street reduced the firm’s price target on Strategy Inc. (NASDAQ:MSTR) to $198 from $268. The firm maintained its Buy rating on the shares, which still offer a potential upside of almost 32% at the prevailing level.

Clear Street cited persistently lower Bitcoin prices and more conservative yield assumptions for the price target cut. Despite this, the firm remains constructive on the company, highlighting its strong positioning in the digital asset space. The firm also sees potential upside from regulatory developments and expects bitcoin stabilization to support a recovery in the shares.

Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury company that offers exposure to Bitcoin through equity and fixed income securities. It also delivers AI-enabled enterprise software solutions such as Strategy One and Strategy Mosaic. These allow the company to provide data solutions, intelligence, analytics, and insights to its enterprise customers.

Page 1 of 5