Bernstein Maintains a Buy Rating on MicroStrategy (NASDAQ:MSTR) With a $600 PT

MicroStrategy Incorporated (NASDAQ:MSTR) is one of the 11 Best Strong Buy Stocks to Invest in Now. In a report released on June 16, Gautam Chhugani from Bernstein maintained a Buy rating on MicroStrategy Incorporated (NASDAQ:MSTR) with a price target of $600.00.

Why Strategy Incorporated (MSTR) Crashed On Friday

A software engineer wearing a headset, collaborating with a remote team on a project.

The company recently reported in a regulatory filing that it acquired 245 BTC for an aggregate purchase price of $26 million during the period from June 16 to June 22. The filing stated that the acquisition brings the company’s aggregate BTC holdings to 592,345 as of June 22.

MicroStrategy Incorporated (NASDAQ:MSTR) engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world’s largest corporate holder of Bitcoin.

While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.