TD Cowen: Strategy stock has 170% upside potential
Jinse Finance reported that TD Cowen analysts stated that although Strategy's mNAV recently fell below 1 (which means its shares are trading at a price lower than the market value of its bitcoin holdings), and bitcoin has dropped to a seven-month low, this does not change its long-term outlook. The company believes that as its bitcoin accumulation model scales up, there is still significant upside potential. Analysts Lance Vitanza and Jonnathan Navarrete maintained their target price for MSTR at $585, which implies about 170% upside from Strategy's current share price of around $194. They pointed out that the current weakness reflects market volatility rather than any change in the company's ability to accumulate additional bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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