MicroStrategy Maintains 'Buy' Rating with $464 PT

MicroStrategy Incorporated (MSTR) received a 'Buy' rating from Canaccord Genuity with a price target of $464. The rating and price target remain unchanged from previous assessments. The average target price for MSTR is $516.85 with an upside of 48.09% from the current price of $349.00. The average brokerage recommendation is 2.1, indicating 'Outperform' status.

MicroStrategy Incorporated (MSTR) has continued to demonstrate robust financial performance, as evidenced by its recent capital raising strategies and strategic growth initiatives. The company, known for its substantial bitcoin holdings, has issued a significant amount of equities and fixed income securities, totaling $17.3 billion year to date, according to data from July 29, 2025 [1]. This capital raising strategy has been instrumental in bolstering the company's treasury, which now holds 628,791 bitcoins, representing 3% of all bitcoins in existence.

MSTR's disciplined approach to capital raising through various equity offerings, including Strike (STRK), Strife (STRF), STRD (Stride), and STRC (Stretch), has been a key factor in its success. The company's fixed income securities, such as convertible notes, STRF, STRC, STRK, and STRD, have raised $2 billion, $0.94 billion, $2.52 billion, $1.13 billion, and $1.02 billion, respectively [1].

The company's strategic focus on bitcoin has been particularly rewarding. MSTR expects to achieve a bitcoin yield of 30% and $20 billion in gains by the end of 2025, assuming the bitcoin price reaches $150,000 [1]. This projection is based on the company's year-to-date yield of 25% and a second-quarter 2025 yield of 19.7%.

In terms of competition, MSTR is expected to outperform its peers in 2025. The company estimates operating income of $34 billion, net income of $24 billion, and earnings of $80 per share, based on a bitcoin price outlook of $150,000 at the end of the year [1]. In contrast, competitors Riot Platforms (RIOT) and MARA Holdings (MARA) are projected to incur net losses of $0.5 billion and $0.8 billion, respectively [1].

MSTR's stock performance has been impressive, with shares appreciating 18.5% year to date, outperforming the broader Zacks Finance sector's return of 11.8% [1]. The company's stock is trading at a premium, with a forward 12-month price/sales ratio of 2.03X compared to MARA Holdings' 1.19X and Riot Platforms' 1.49X [1].

In a recent development, MicroStrategy Incorporated received a 'Buy' rating from Canaccord Genuity with a price target of $464. This rating remains unchanged from previous assessments, reflecting the company's strong fundamentals and growth prospects [2]. The average target price for MSTR is $516.85, with an average brokerage recommendation of 2.1, indicating an 'Outperform' status.

References:
[1] https://www.nasdaq.com/articles/mstrs-capital-raising-strategy-aids-bitcoin-holding-whats-ahead
[2] https://www.nasdaq.com/articles/microstrategy-incorporated-receives-buy-rating-from-canaccord-genuity