Strategy Inc. (NASDAQ:MSTR) is one of the 11 Best Software App Stocks to Buy Now.
On March 16, Strategy Inc. (NASDAQ:MSTR) provided an update on its bitcoin holdings in a regulatory filing. The company reported that between March 9 and 15 it purchased 22,337 units of the virtual currency at an average price of $70,194 per unit, or around $1.57 billion. As of March 15, the company owns 761,068 units of the virtual currency, purchased for about $57.61 billion.
On March 4, Clear Street lowered the company’s price target on Strategy Inc. (NASDAQ:MSTR) to $198 from $268. The company maintained its Buy rating on the stock, which still offers nearly 32% upside potential at the current level.
Clear Street cited persistently lower Bitcoin prices and more conservative performance assumptions for the price target cut. Despite this, the company remains constructive with the company and highlights its strong positioning in the digital asset space. The company also sees potential upside from regulatory developments and expects Bitcoin’s stabilization to support the stock’s recovery.
Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury company that provides exposure to Bitcoin through equity and fixed income securities. It also offers AI-based business software solutions such as Strategy One and Strategy Mosaic. These enable the company to provide data, intelligence, analytics and insights solutions to its enterprise customers.
While we recognize MSTR’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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