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Strategy Inc. (NASDAQ:MSTR) is one of the 11 best software application stocks to buy now.
On March 16, Strategy Inc. (NASDAQ:MSTR) provided an update on its bitcoin holdings in a regulatory filing. The company reported that between March 9 and March 15, it purchased 22,337 units of the virtual currency at an average price of $70,194 per unit, or around $1.57 billion. As of March 15, the company owns 761,068 units of the virtual currency, purchased for about $57.61 billion.
On March 4, Clear Street reduced the firm’s price target on Strategy Inc. (NASDAQ:MSTR) to $198 from $268. The firm maintained its Buy rating on the shares, which still offer a potential upside of almost 32% at the prevailing level.
Clear Street cited persistently lower Bitcoin prices and more conservative yield assumptions for the price target cut. Despite this, the firm remains constructive on the company, highlighting its strong positioning in the digital asset space. The firm also sees potential upside from regulatory developments and expects bitcoin stabilization to support a recovery in the shares.
Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury company that offers exposure to Bitcoin through equity and fixed income securities. It also delivers AI-enabled enterprise software solutions such as Strategy One and Strategy Mosaic. These allow the company to provide data solutions, intelligence, analytics, and insights to its enterprise customers.
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.
