Canaccord Genuity Reiterates a Buy Rating on Strategy Inc. (MSTR) With a $464 PT

Strategy Inc. (NASDAQ:MSTR) is one of the best strong buy growth stocks to buy now. On August 26, Canaccord Genuity analyst Joseph Vafi reiterated a Buy rating on Strategy Inc. (NASDAQ:MSTR) with a price target of $464.

Strategy Incorporated (MSTR): Jim Cramer Shares Rather Cryptic Take About Firm

The analyst considers Strategy Inc.’s (NASDAQ:MSTR) preferred stock sales as a prominent driver of shareholder value, stating that it raised over $6 billion this year through these offerings, ranking it “among the most successful in U.S. capital markets history.”

He added that while Bitcoin volatility is a considerable risk, Strategy Inc. (NASDAQ:MSTR) is still “one of the most innovative companies” under his coverage. Vafi expects more firms to adopt its Bitcoin-driven treasury strategy.

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.

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