MicroStrategy (MSTR) Crashes 40%, but Top Bernstein Analyst Still Sees 238% Upside – What’s Really Going On?
MicroStrategy (now Strategy Inc.) shares opened Friday near $177, just above their 52-week low and down about 40% in the past month. The company holds around 649,870 Bitcoin, with an average cost near $74,400 per coin. Bernstein reiterated a $600 price target, implying 238% upside. Most Wall Street analysts rate the stock a Buy, with average targets above $500.