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Investing.com - Canaccord Genuity raised its price target on MicroStrategy (NASDAQ:MSTR) to $474.00 from $464.00 on Monday, while maintaining a Buy rating on the stock. This target represents significant upside from the current price of $269.51, despite the stock trading slightly above InvestingPro’s Fair Value estimate.
The research firm cited the company’s bitcoin yield strategy as a key factor in its decision, noting that MicroStrategy has reiterated its bitcoin yield target of 30% for the year. This aggressive strategy aligns with the company’s historical performance, as InvestingPro data shows MSTR has delivered strong returns over both the last five years and the last decade.
MicroStrategy has already achieved approximately 26% of its bitcoin yield goal and is on track to reach the full 30% target through "further very manageable preferred issuances," according to Canaccord Genuity.
The firm emphasized that while much attention focuses on the size of MicroStrategy’s holdings and fluctuations in modified net asset values (mNAVs), the long-term value driver is sustainable bitcoin yield, which translates to further bitcoin accumulation.
Canaccord Genuity described the combination of increasing bitcoin per share by 30% annually along with spot price appreciation as "a powerful 1-2 punch for MSTR stock price appreciation over time."
In other recent news, Strategy Inc. reported strong third-quarter 2025 results, with $2.8 billion in net income and $3.9 billion in unrealized gains from its bitcoin holdings. The company maintained its full-year guidance for key Bitcoin metrics and earnings outlook, signaling confidence in its financial trajectory. Following these results, H.C. Wainwright reiterated its Buy rating with a $475 price target, highlighting the firm’s potential within the S&P 500. Benchmark also maintained a Buy rating, setting its price target at $705. However, Cantor Fitzgerald lowered its price target from $697 to $560, citing a reduced modified Net Asset Value affecting capital market profits. BTIG adjusted its price target to $630 from $700, referencing Strategy’s development of a "credit factory" for varying bitcoin exposure. These developments reflect a mix of optimism and caution among analysts regarding Strategy’s future performance.
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