Benchmark Equity Research reiterated its Buy rating and $570 price target on Strategy, saying the company's recent decision to build cash reserves rather than continue weekly bitcoin purchases reflects disciplined capital allocation rather than a shift in its long-term acquisition strategy.
Strategy shares (MSTR) closed down 2.1% at $91.67 on Friday, according to The Block's MSTR price page.
Benchmark's $570 price target implies approximately 522% upside from that closing price.
The latest rating follows Strategy's filing with the U.S.
Securities and Exchange Commission showing the company made no bitcoin purchases for a fifth consecutive week while increasing its U.S. dollar reserve to $3.75 billion.
