TD Cowen Maintains a Buy on Strategy Inc (MSTR), Keeps the PT

Strategy Inc (NASDAQ:MSTR) is one of the Best NASDAQ Stocks to Buy with Huge Upside Potential. On September 8, Lance Vitanza from TD Cowen maintained a Buy rating on Strategy Inc (NASDAQ:MSTR) with a price target of $640.

The analyst noted several financial and strategic factors that led to a bullish rating. Firstly, the company has been increasing its bitcoin holdings faster than its liabilities, which has resulted in a strong balance sheet. Moreover, the analyst believes that this strategy is expected to create value for the company beyond the intrinsic price of bitcoin. He expects bitcoin’s integration into the global financial system to support this premium.

Vitanza also highlighted the recent acquisition of 1,955 bitcoins by Strategy Inc. (NASDAQ:MSTR), which was funded through the issuance of common stock. The analyst noted that this indicates a strategic use of equity to capitalize on market conditions.

Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury and business intelligence company that provides AI-powered enterprise analytics software to thousands of customers worldwide.

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.

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Disclosure: None. This article is originally published at Insider Monkey.