Golden Finance reported that TD Cowen analysts stated that although the mNAV of Strategy recently fell below 1 (meaning its stock trading price is lower than the market value of its Bitcoin holdings), and Bitcoin has fallen to a seven-month low, this has not changed its long-term outlook. The company believes that as its Bitcoin accumulation model scales up, there is still significant room for rise.
Analysts Lance Vitanza and Jonnathan Navarrete maintained a target price of $585 for MSTR, which implies approximately 170% upside potential compared to Strategy's current stock price of around $194. They noted that the current weakness reflects more of the market volatility rather than any change in the company's ability to accumulate additional Bitcoin.
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