Keefe Bruyette initiated coverage of Strategy (MSTR) with an Outperform rating and $560 price target representing 66.3% upside from current levels. The firm views Strategy as an “attractive proxy” for investors seeking levered bitcoin exposure with “additional torque” from accretive bitcoin purchases, driving by “highly demanded security issuances and a valuation that exceeds net asset value.”
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Read More on MSTR:
- Strategy (MSTR) Is Getting Ready for Another Year of Aggressive Capital Raising
- MicroStrategy’s (MSTR) Preferred Stock Debuts with Massive 9% Dividend Yield
- Strategy price target raised to $500 from $480 at Maxim
- Strategy price target lowered to $409 from $510 at Canaccord
- MicroStrategy’s Strategic Shift and Financial Highlights
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