Analyst predicts 140% upside for MicroStrategy stock

2026 has hardly brought immoderate respite to the Strategy (Nasdaq: MSTR), formerly known arsenic MicroStrategy, stock. Even though the banal is up astir 10% this year, the show has been alternatively level implicit the past month.

Even then, an expert has raised its terms people connected the Strategy banal owed to 2 reasons.

Related: Jane Street is moving distant from Strategy

Strategy's quarterly nonaccomplishment prompts imaginable strategy displacement

Founded arsenic a bundle institution successful 1989, the Michael Saylor-led company turned to Bitcoin amid the coronavirus pandemic successful 2020.

It present holds 843,738 BTC connected its equilibrium sheet, consolidating its presumption arsenic the world's starring publically traded firm Bitcoin treasury.

The ongoing slump successful the crypto marketplace led to Strategy reporting a nonaccomplishment of $12.54 cardinal during Q1 2026. In fact, the company posted a $14.46 cardinal unrealized nonaccomplishment connected its Bitcoin holdings during the quarter.

During the net telephone pursuing the disappointing results, Saylor even suggested selling a information of the company's Bitcoin holdings to wage dividends.

However, it hasn't travel to that truthful acold and the institution has continued to marque its play Bitcoin purchases.

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TD Cowen expert raises Strategy banal people

On May 19, TD Cowen raised its terms people connected the Strategy stock, Investing.com reported.

The analyst Lance Vitanza and subordinate Jonnathan Navarrete highlighted the firm's rising Bitcoin per share.

Preferred equity issuance raised around $1.95 billion, dominated the company's superior raises during Q2 2026. Nearly all proceeds person gone into Bitcoin purchases, the expert noted.

The institution has already acquired much Bitcoin truthful acold successful the 4th than TD Cowen had estimated for the full quarter.

Vitanza now predicts Strategy purchasing approximately 100,000 BTC during Q2 2026. The expert raised full-year BTC output forecasts from 18.2% to 19.8%, and full-year BTC dollar summation estimates from $13.89 billion to $15.16 billion.

As the company's Bitcoin holdings per 1,000 afloat diluted shares reached 2.21x arsenic of May 17, arsenic compared to 1.95x astatine the extremity of 2025, the expert called it a "core validation of Strategy's financing model."

The expert highlighted its Bitcoin holdings continuing to surpass stock issuance adjacent arsenic dilution rises.