TD Cowen analyst Lance Vitanza has maintained their bullish stance on MSTR stock, giving a Buy rating on September 15.
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Lance Vitanza has given his Buy rating due to a combination of factors that highlight Strategy’s strategic financial maneuvers and market positioning. The company has shown improvement in its treasury operations, capitalizing on a modest rebound in its bitcoin premium, which suggests a positive outlook if bitcoin continues its long-term upward trend.
Furthermore, Strategy has effectively utilized its capital market levers by issuing common and preferred stock, raising significant capital. This strategic issuance at favorable prices underscores the company’s ability to maintain a substantial premium over the underlying bitcoin value, reinforcing the Buy rating.
Vitanza covers the Communication Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Clear Channel Outdoor, and TKO Group Holdings. According to TipRanks, Vitanza has an average return of 25.3% and a 54.17% success rate on recommended stocks.
In another report released on September 15, Bernstein also maintained a Buy rating on the stock with a $600.00 price target.