Analysts Reiterate Their Optimism On Strategy Inc (MSTR) As Bitcoin Slides

Strategy Inc (NASDAQ:MSTR) is one of the 12 tech stocks with the biggest upside potential. On January 26, Cantor Fitzgerald initiated coverage of Strategy Inc (NASDAQ:MSTR) with a Buy rating, citing confidence in the company’s long-term strategy. The firm has a price target of $213 for the shares, implying a further 49% upside from the current levels. In a research note to investors, the analysts said that they remain confident about bitcoin’s prospects. They added that ongoing institutional adoption is expected to continue, a trend the firm believes supports MSTR’s long-term vision.

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While the company’s core software business represents a relatively small part of the overall investment thesis, Cantor Fitzgerald noted that a potential turnaround in that segment could generate steady cash flow. The firm said that this cash flow could then be used to support further bitcoin accumulation.

Additionally, TD Cowen analyst Lance Vitanza maintained his Buy rating and a price target of $440 on the stock on January 20. The firm’s price target suggests a further 207% upside from the current levels. This upside is consistent with the median Wall Street analyst estimate of 215%, based on 17 analysts covering the stock.

Strategy Inc (NASDAQ:MSTR) is a bitcoin treasury company operating across the United States, the Middle East, Europe, Africa, and globally. It provides investors with different levels of economic exposure to Bitcoin through a variety of securities. The company also offers  AI-powered enterprise analytics software, including Strategy Mosaic and Strategy One.

While we acknowledge the risk and potential of MSTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.