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.

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