Strategy (MSTR), the largest corporate owner of Bitcoin in the world, received a boost from BTIG price target hike. Top analyst Andrew Harte of BTIG lifted the price target on MSTR stock to $620 from $570 yesterday, while maintaining his “Buy” rating. The revised price target implies an impressive 48.77% upside potential from current levels. Harte, who ranks 567 out of more than 9,558 analysts tracked by TipRanks, has a success rate of 44% and delivers an average return per rating of 31.50% over a one-year timeframe.
Protect Your Portfolio Against Market Uncertainty
The price hike followed last week’s Strategy World conference in Orlando. The event brought together Bitcoin supporters, business users, and investors focused on building a Bitcoin-based financial plan. It also underlined Strategy’s steady focus on both its software offerings and growing crypto assets.
Harte’s Views on MSTR Stock
After attending the conference, Harte shared his thoughts on Strategy’s clear direction. He noted that the company is moving forward with strong plans for both its software business and its involvement in the Bitcoin space. According to him, Strategy’s approach remains “ambitious and passionate,” which gives more reason to trust its long-term goals.
Unlike previous years, where the event mostly focused on explaining Bitcoin, this time the spotlight was on Strategy’s broader role in the digital asset world and the investment options now available to shareholders. Harte also said that many investors don’t yet fully understand MSTR’s fixed-income securities, especially their “risk/reward” profile and how they benefit MSTR’s stock. He believes that as the market gains a better understanding of these factors, it could help increase the stock’s value over time.
Further, Harte noted that Bitcoin has gone up by about 12% so far this year, while the S&P 500 (SPX) has stayed mostly flat. As a result, the value of Strategy’s Bitcoin holdings has risen to about $60 billion. Taking all this into account, Harte raised his price target and maintained his “Buy” rating.
Bitcoin Outlook for Q1 2025
In the first quarter of 2025, Strategy added 22,048 Bitcoins to its balance sheet, spending $1.92 billion. This brought its total holdings to 528,185 BTC. The company also raised its Bitcoin yield goal for the year to 25%, up from 15%, and now expects to generate around $15 billion in value from these assets.
Harte emphasized that Bitcoin continues to be a key part of Strategy’s plan for the future. The increasing worth of its crypto holdings puts the company in a stronger position as it looks to grow further.
Michael Saylor’s Vision for the Future
Adding to the positive sentiment, Strategy’s co-founder Michael Saylor laid out his big projection yet in a new documentary, Michael Saylor’s $40 Billion Bitcoin Bet. In an interview with the Financial Times yesterday, he said, “I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise.”
Saylor’s comments reflect his confidence in both Bitcoin’s long-term potential and Strategy’s place in the changing world of digital finance.
Is MSTR Stock a Buy Right Now?
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 $524.92 implies a 25.96% upside from current levels.
