- MicroStrategy expands its bitcoin portfolio with a significant acquisition, funding it through preferred stock sales.
- Analysts predict a moderate upside for MSTR, with a diverse range of price targets.
- GuruFocus highlights a notable disparity between the GF Value estimate and MSTR's current market price.
MicroStrategy (MSTR) has strategically bolstered its bitcoin reserves by acquiring an additional 4,225 bitcoins between July 7 and July 13, at a total expenditure of $472.5 million. This acquisition elevates their total bitcoin holdings to a substantial 601,550 bitcoins, which were cumulatively purchased for $42.87 billion. The purchase was effectively financed through the at-the-market sales of MicroStrategy's preferred stocks, contributing to a 2.7% rise in premarket trading.
Wall Street Analysts' Insights
According to the consensus from 13 analysts, MicroStrategy (MSTR) has a projected average price target of $480.00 over the next year. The forecasts range from a low of $175.00 to a high of $600.00, indicating a potential upside of 10.45% from its current trading price of $434.58. Investors can explore more in-depth projections on the Strategy (MSTR, Financial) Forecast page.
The sentiment among 12 brokerage firms suggests an "Outperform" recommendation for MicroStrategy (MSTR), with an average brokerage rating of 2.0. This rating is based on a scale where 1 signals a Strong Buy and 5 indicates a Sell.
Evaluating GF Value Estimations
The GF Value estimated by GuruFocus for MicroStrategy (MSTR) in one year is $24.23. This estimation implies a stark downside of 94.42% from its current price of $434.58. The GF Value is a critical metric that represents GuruFocus' calculated fair value, derived from historical trading multiples, past business growth, and future performance forecasts. Investors seeking comprehensive data can visit the Strategy (MSTR, Financial) Summary page to delve deeper.
