MSTR Teeters Below $95, But Benchmark Targets Record $570 Share Price - Strategy (NASDAQ:MSTR)

Benchmark Equity Research on Monday reiterated its Buy rating and $570 price target on Strategy Inc. (NASDAQ:MSTR), implying roughly 515% upside.

Strategy’s New Framework Lets Saylor Run The Capital Machine In Reverse

The proceeds boosted Strategy’s USD reserve to $2.55 billion, stretching dividend coverage from roughly 10 months to 17.4 months.

Benchmark analyst Mark Palmer said the framework formally gives management permission to run Strategy’s capital machine in reverse during periods of stress.

That includes repurchasing common and preferred shares, monetizing Bitcoin to meet obligations, and pausing share issuance when MSTR no longer trades at a premium to its net asset value.