Key Takeaways:
- MicroStrategy (MSTR, Financial) acquires 1,895 bitcoins, reinforcing its position in cryptocurrency investments.
- Analysts offer a mixed outlook with significant variance in price targets, indicating diverse market perspectives.
- Current GF Value assessment suggests a notable downside risk from the stock's current price.
MicroStrategy (MSTR) has strategically expanded its cryptocurrency portfolio by adding 1,895 bitcoins, amounting to a hefty $180.3 million investment between April 28 and May 4. This recent acquisition boosts their total bitcoin holdings to 555,450 coins, acquired at an average price of $68,550 each. Notably, these purchases were facilitated by stock sales, leading to a 2.6% dip in the company’s shares during premarket trading.
Wall Street Analysts' Insights
According to the one-year price targets provided by 13 market analysts, the average target price for MicroStrategy (MSTR, Financial) is positioned at $450.09. The projections range from a high of $600.00 to a low of $175.00, demonstrating substantial variability in expectations. This average target indicates a potential upside of 14.13% from its current trading price of $394.37. Investors can explore more detailed forecasts on the Strategy (MSTR) Forecast page.
MicroStrategy's consensus recommendation stands at 2.0, as aggregated from 13 brokerage firms. This rating translates to an "Outperform" score within a scale where 1 signifies a Strong Buy and 5 indicates a Sell.
Understanding the GF Value Estimate
GuruFocus estimates suggest that the GF Value of MicroStrategy (MSTR, Financial) for the coming year is $22.13. This indicates a potential downside of 94.39% from the current price of $394.37. The GF Value is derived from historical trading multiples, business growth trends, and future performance estimates, serving as GuruFocus' assessment of a stock's fair trading value. Investors seeking more granular data can visit the Strategy (MSTR) Summary page.
