Strategy (MSTR), the largest corporate owner of Bitcoin in the world, received a boost from Mizuho Securities price target hike. Analyst Dan Dolev of Mizuho Securities lifted the price target on MSTR stock to $563 from $515 yesterday, while maintaining his “Buy” rating. The revised price target implies an impressive 35.87% upside potential from current levels.
The upgrade followed Strategy’s first-quarter earnings. The company reported revenue of $111.1 million, a slight drop from last year and below what analysts had expected. It also reported a loss of $16.49 per share, mainly due to a revaluation of its Bitcoin holdings. During the quarter, Strategy bought 22,048 bitcoins for $1.92 billion, increasing its total to 528,185 BTC. Looking ahead, the company raised its 2025 Bitcoin yield goal to 25%, up from 15%, and expects to generate $15 billion in value from its Bitcoin assets.
Adding to this momentum, Strategy recently purchased another 1,895 bitcoins between April 28 and May 4 for about $180.3 million, or roughly $95,167 per coin. The company disclosed this purchase in a filing with the U.S. Securities and Exchange Commission (SEC). With this latest buy, Strategy now owns 555,450 bitcoins at a total cost of $38.08 billion.
Dolev’s Views on MSTR Stock
The analyst raised his price target to account for the company’s first-quarter earnings, new fundraising efforts, recent Bitcoin purchases, and a higher Bitcoin price forecast driven by growing adoption. He noted that Strategy stock has climbed more than 38% year-to-date, outperforming Bitcoin, which is up 9%, the S&P 500 (SPX), which is down 3%, and Coinbase (COIN), which is down 20%.
Building on that strength, the analyst highlighted that MicroStrategy’s momentum is backed by rising expectations for its Bitcoin strategy. He pointed out that the company recently lifted its 2025 targets, aiming for a 25% return from its Bitcoin holdings, up from the previous 15%, and projecting $15 billion in value from those assets, an increase from $10 billion.
In his view, these updated goals reflect growing confidence in MicroStrategy’s ability to generate value from its Bitcoin treasury operations.
Is MSTR Stock a Good Buy?
According to TipRanks, MSTR stock has a consensus Strong Buy rating among 13 Wall Street analysts. That rating is based on 12 Buys and one Sell assigned in the past three months. The average MSTR price target of $513.85 implies a 24% upside from current levels.
