- MicroStrategy continues to expand its Bitcoin portfolio with significant acquisitions.
- Analyst forecasts indicate a potential upside for MSTR stock, despite mixed sentiments.
- GuruFocus metrics suggest caution with a lower GF Value estimate.
MicroStrategy (MSTR) has taken another significant step in its strategic investment in Bitcoin by acquiring 1,045 additional tokens. This substantial purchase, amounting to $110.2 million, occurred between June 2 and June 8, raising its total Bitcoin holdings to 582,000 tokens. With Bitcoin currently valued at $107,700, MicroStrategy's total stash is now worth a staggering $62.3 billion. Following the announcement, MSTR shares experienced a 2.1% increase in premarket trading.
Wall Street Analysts Forecast
The investment community is closely watching MicroStrategy's bold moves, and analysts are offering varied predictions. According to one-year price targets from 13 analysts, the average target price for MicroStrategy (MSTR, Financial) stands at $480.00. Notably, this projection spans a high estimate of $600.00 and a low of $175.00. The average price target implies a potential upside of 26.64% from the current trading price of $379.02. For more detailed projections, visit the Strategy (MSTR) Forecast page.
With input from 12 brokerage firms, MicroStrategy is currently rated as an "Outperform," with an average brokerage recommendation of 2.0. The rating scale, from 1 to 5, classifies a "Strong Buy" at 1 and a "Sell" at 5, indicating a positive outlook from analysts.
Understanding GF Value Estimates
While analyst sentiment appears optimistic, GuruFocus presents a different perspective with its GF Value estimate for MicroStrategy. The projected GF Value in one year is estimated at $24.18, suggesting a significant potential downside of 93.62% from the current market price of $379.02. The GF Value represents GuruFocus' computed fair value, based on historical trading multiples, past business growth, and projected future performance. For a comprehensive analysis, explore the Strategy (MSTR, Financial) Summary page.
