MicroStrategy (MSTR) Stock Target Raised as Bitcoin Strategy Continues to Lead

MicroStrategy Incorporated (NASDAQ:MSTR) ranks among the best momentum stocks to buy. While maintaining a Buy rating on the company’s shares, TD Cowen increased its price target for MicroStrategy Incorporated (NASDAQ:MSTR) from $590 to $680 on July 14. According to the firm, Strategy is unique in the market since it is the largest corporate bitcoin holder in the world.

TD Cowen pointed out that MicroStrategy Incorporated (NASDAQ:MSTR) is the only company providing a broad selection of bitcoin-backed securities tailored to various institutional investor classes.

Moreover, the firm contends that competitors may try to imitate Strategy’s strategy or create their own solutions, but none of them are likely to be able to match or surpass the company’s cost of capital advantage.

MicroStrategy Incorporated (NASDAQ:MSTR), also known as Strategy, is an American development company that offers cloud-based services, mobile software, and business intelligence. Operating in technology, financial markets, and advocacy, the company contributes to the growth of the Bitcoin network.

While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.