Key Insights:
- MicroStrategy expands its bitcoin holdings to 607,770 with a recent purchase of 6,220 bitcoins.
- Analyst predictions indicate a potential upside of 15.51% for MSTR shares.
- The stock is currently rated as "Outperform" by major brokerage firms.
MicroStrategy (MSTR, Financial) has made headlines with its latest acquisition of an additional 6,220 bitcoins, amounting to $739.8 million. This noteworthy investment was financed through recent common equity and preferred stock offerings. Consequently, the company's total bitcoin reserves have surged to 607,770, causing shares to rise by 1.77% in pre-market trading.
Wall Street Analysts' Forecast
Based on insights from 13 analysts, the average price target for MicroStrategy (MSTR, Financial) over the next year stands at $488.85, with projections varying between a high of $680.00 and a low of $200.00. The average target proposes a 15.51% upside potential from the current share price of $423.22. For more in-depth estimates, investors can explore the Strategy (MSTR) Forecast page.
In terms of buy and sell recommendations, the consensus from 12 brokerage firms positions MicroStrategy (MSTR, Financial) with an average brokerage rating of 2.0, indicating it as "Outperform." This rating is based on a scale where 1 represents a Strong Buy and 5 signifies a Sell.
According to GuruFocus estimates, the projected GF Value for MicroStrategy (MSTR, Financial) in one year is assessed at $24.23, which reflects a significant downside of 94.27% from the existing price of $423.22. The GF Value is an estimation of the stock’s fair value, derived from historical trading multiples, historical business growth, and projected future business performance. Investors seeking further detailed insights can visit the Strategy (MSTR) Summary page.
