Strategy Inc (MSTR) Sees Fresh Action From Analysts

We recently published 10 Best SaaS Stocks Trading at a Discount.  Strategy Inc (NASDAQ:MSTR) is one of the best SaaS stocks trading at a discount.

Strategy Inc (NASDAQ:MSTR) is an enterprise analytics firm that operates in the SaaS industry via its Strategy One platform. Bernstein discussed the firm’s shares on December 8th when it lowered the share price target to $450 from $600 and kept an Outperform rating. As part of its coverage, the financial firm commented that Strategy Inc (NASDAQ:MSTR) has 21 months of cash reserves and that the market was over-concerned about the firm. Bernstein went as far as to comment that the firm could evolve into a Bitcoin-based business that delivers savings products for investors.

Strategy Inc (NASDAQ:MSTR), widely known as a Bitcoin holding company, has had a tumultuous year on the stock market due to the dip in Bitcoin prices. Yet, on December 12th, the firm managed to retain its place in the NASDAQ 100 index. On December 15th, Strategy Inc (NASDAQ:MSTR) shared in an SEC filing that it had bought $980 million worth of Bitcoin at an average price of $92,098. The SEC filing shared that as of December 14th, the firm held a whopping $50 billion in Bitcoin at an aggregate price of $74,972. This filing marked Strategy Inc (NASDAQ:MSTR)’s largest Bitcoin acquisition since July and the second consecutive week of adding more than 10,000 Bitcoin on its books.

While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.