TD Cowen: Strategy stock has 170% upside potential.

According to Odaily Planet Daily, TD Cowen analysts stated that despite Strategy's mNAV recently falling below 1 (meaning its stock is trading below the market value of its Bitcoin holdings) and Bitcoin hitting a seven-month low, this has not changed its long-term outlook. The company believes there is still significant upside potential as its Bitcoin accumulation model scales up.

Analysts Lance Vitanza and Jonnathan Navarrete maintained their price target of $585 for MSTR, implying an upside of approximately 170% from Strategy's current share price of nearly $194. They noted that the current weakness reflects more market volatility than any change in the company's ability to accumulate additional Bitcoin.