- MicroStrategy has significantly boosted its bitcoin holdings with a substantial purchase.
- Analysts foresee a moderate upside for MSTR, but GF Value suggests caution.
- Despite recent investment moves, Wall Street remains largely optimistic on MicroStrategy's prospects.
MicroStrategy (MSTR, Financial) recently made waves in the investment community by acquiring 13,390 bitcoins for a staggering $1.34 billion between May 5 and May 11. With an average purchase price of $99,856 per bitcoin, this strategic maneuver has escalated the company's total bitcoin holdings to 568,840. In response, MSTR experienced a 1.7% increase in premarket activity, although bitcoin itself dipped by 0.9%.
Wall Street Analysts Forecast
According to projections from 13 analysts, the one-year price target for MicroStrategy (MSTR, Financial) averages at $476.92, with estimates ranging from a high of $600.00 to a low of $175.00. This average target presents a potential upside of 14.64% from the current price of $416.03. Investors can delve into more detailed estimate data on the Strategy (MSTR) Forecast page.
The sentiment among 13 brokerage firms places MicroStrategy's (MSTR, Financial) average brokerage recommendation at 2.0, signifying an "Outperform" status. This rating scale ranges from 1, indicating a Strong Buy, to 5, which denotes a Sell.
Despite the optimistic analyst outlook, GuruFocus estimates suggest caution. The calculated GF Value for MicroStrategy (MSTR, Financial) in one year is valued at $24.40. This implies a potential downside of 94.14% from the current price of $416.03. The GF Value is an assessment of the stock's fair trading value based on historical trading multiples, past business growth, and future performance projections. For more in-depth information, visit the Strategy (MSTR) Summary page.
