TD Cowen Maintains Buy Rating on Strategy (MSTR) Following Strong BTC Yield

Strategy Inc (NASDAQ:MSTR) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires.

TD Cowen Maintains Buy Rating on Strategy (MSTR) Following Strong BTC Yield

On May 8, TD Cowen raised its price target on Strategy Inc (NASDAQ:MSTR) to $395 from $385 while maintaining a Buy rating on the stock. The firm said it updated its model after the company’s Q1 results, reflecting higher BTC Yield and gains in Bitcoin prices.

A day earlier, on May 7, Canaccord also lifted its price target on Strategy Inc. to $224 from $185 and kept a Buy rating on the shares. The firm pointed out that with Bitcoin now trading above $80K after falling to around $60K in February, MSTR managed to navigate another difficult period. According to the firm, the company’s Preferreds remain highly accretive and relatively easy to service. Canaccord also said the company appears to be shifting toward issuing digital credit rather than relying on common equity to raise capital. The firm added that preferred offerings are contributing to accretion at higher levels without causing dilution or creating obligatory share repurchases.

Strategy Inc (NASDAQ:MSTR) operates as a bitcoin treasury and business intelligence company. It provides cloud-native, artificial intelligence-powered enterprise analytics software to thousands of customers around the world.

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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