Top investment analyst predicts 30% surge in 'trailblazing' crypto stock
Strategy (Nasdaq: MSTR), formerly MicroStrategy, continued Bitcoin shopping and reported holding 632,457 BTC earlier this week.
Though the largest public Bitcoin treasury firm, its stock is down 13% over the last month. But there is an analyst who is very bullish on the stock.
Joe Vafi, analyst at the investment banking and wealth management giant Canaccord Genuity, reiterated a "Buy" rating on MSTR with a price target of $464.
The stock, which closed at $351.36 on Aug. 26, needs to surge 32% to reach Vafi's target.
MicroStrategy's preferred stock offerings
The Canaccord Genuity analyst cited MicroStrategy's launch of four preferred stock offerings this year:
- 10.00% Series A Perpetual Stride Preferred Stock (STRD)
- 8.00% Series A Perpetual Strike Preferred Stock (STRK)
- 10.00% Series A Perpetual Strife Preferred Stock (STRF)
- Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)
These offerings collectively raised over $6 billion, the proceeds of which primarily went into purchasing Bitcoin to add to MicroStrategy's balance sheet, Vafi added.
More on crypto:
- Trump media, Crypto.com partner to launch $6.4B treasury venture
- XRP lawyer predicts 40% surge for MicroStrategy stock
- Psychedelics firm embracing Bitcoin strategy announces major update
Analyst hails MicroStrategy's 'trailblazing' approach
The analyst hailed the firm's "trailblazing" approach, strong execution, and innovative financing. MicroStrategy, which adopted the Bitcoin treasury strategy in 2020, has seen its shares rise by around 2,200%; in contrast, the S&P 500 index has gained only 84% during the period, the analyst underlined.
On July 31, the firm posted earnings per share (EPS) of $32.52 during the second quarter of 2025, beating expectations.
Bitcoin, the cryptocurrency the firm is dependent on, reached its all-time high (ATH) of $124,457.12 nearly a fortnight ago on Aug. 14. It was trading at $111,168.31 at the time of writing, up 0.95% a day.