Reported 2 days ago
Canaccord Genuity analyst Joseph Vafi has reaffirmed a Buy rating for Strategy Inc. (NASDAQ:MSTR), setting a price target of $464. He noted that the company's recent preferred stock sales, which raised over $6 billion this year, highlight its success in the capital markets. Despite Bitcoin's volatility posing risks, Vafi considers MSTR to be one of the most innovative companies in his coverage, predicting an increase in firms adopting its Bitcoin-driven treasury strategy.
Source: YAHOO