Latest news with #LanceVitanza
Yahoo
7 days ago
- Business
- Yahoo
Is it Time to Tap MicroStrategy ETFs Amid Bitcoin Surge?
With Bitcoin prices soaring to new highs, TD Cowen analyst Lance Vitanza has recently increased his price target for MicroStrategy shares to $680, up from the previous target of $590, as quoted on CNBC. Several companies have attempted to replicate MicroStrategy's (also known as Strategy) business model, but Vitanza emphasized that none can rival the company's cost of capital advantage. Strategy has uniquely leveraged a diverse array of securities to raise funds for acquiring Bitcoin, giving it a strategic edge in the market. MicroStrategy – the software and bitcoin-treasury company – said it now owns more than 600,000 bitcoins, valued in excess of $70 billion at current prices. It disclosed that it has resumed buying Bitcoin, as prices surged further into record territory. Bitcoin Momentum Fuels Optimism TD Cowen's bullish outlook is driven by expectations of continued Bitcoin price appreciation and MicroStrategy's aggressive pace of Bitcoin accumulation. On Monday, Bitcoin hit a new all-time high of $123,000, fueled by strong inflows into Bitcoin ETFs. Although it has since dipped slightly to $120,437.06, the overall trend remains upward. MicroStrategy Stock Performance MicroStrategy shares have rallied about 54% year to date, reflecting growing investor confidence in the company's crypto-centric strategy. Even before TD Cowen boosted its target price for MicroStrategy, the average price target for MicroStrategy was $534.77 (offered by 13 analysts). The forecasts ranged from a low of $175.00 to a high of $650.00. The average price target represented a 23.05% increase from the last closing price of $434.58, recorded on July 11, 2025. The stock, however, surged 3.1% on July 15, 2025. ETFs in Focus Against this backdrop, below, we have highlighted a few winning MicroStrategy-based exchange-traded funds (ETFs) that can be tapped now. T-Rex 2X Long MSTR Daily Target ETF MSTU The T-Rex 2X Long MSTR Daily Target ETF seeks daily investment results, before fees and expenses, of 200% of the daily performance of MSTR. The fund charges 105 bps in fees. Grayscale Bitcoin Adopters ETF BCOR The underlying Indxx Bitcoin Adopters Index consists of U.S. and non-U.S. equity securities of companies that have been adopting Bitcoin as an asset for corporate treasury management. The fund charges 59 bps in fees. MSTR stock takes 21.34% of the fund. First Trust SkyBridge Crypto Industry & Digital Economy ETF CRPT The First Trust SkyBridge Crypto Industry and Digital Economy ETF seeks to provide investors with capital appreciation. The fund charges 85 bps in fees. MSTR stock takes 20.49% of the fund. Bitwise Bitcoin Standard Corporations ETF OWNB The underlying Bitwise Bitcoin Standard Corporations Index provides exposure to the performance of corporations that have adopted the Bitcoin standard. Such corporations are those that hold Bitcoin as a corporate treasury asset. The fund charges 85 bps in fees. MSTR stock takes 19.19% of the fund. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
03-07-2025
- Business
- Business Insider
Is Strategy Stock (MSTR) Still a Buy After a 210% Jump?
Strategy (MSTR) stock has soared about 210% over the past year, fueled by its bold bet on Bitcoin (BTC). For many investors, it has become a popular way to gain exposure to Bitcoin without owning the cryptocurrency directly. The company now holds more than 597,000 Bitcoin, valued at around $64 billion. That makes it the largest corporate holder of Bitcoin in the world, according to Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. With Bitcoin trading above $100,000, bulls believe there's still room to run. And with Wall Street maintaining a Strong Buy rating on MSTR stock, many investors see more upside, though risks remain if crypto momentum fades or regulations tighten. Bitcoin Holdings Keep Growing On June 30, Strategy announced it had acquired 4,980 Bitcoin at an average price of about $106,800 per coin. The purchase was funded through its at-the-market (ATM) stock offering. In total, the company added 69,140 Bitcoin in the second quarter, topping TD Cowen's estimate of 66,000. With Bitcoin prices rising, those purchases have grown in value, giving Strategy billions in unrealized gains. CEO Michael Saylor remains firm in his belief that Bitcoin is the most valuable asset of this era, and Strategy is positioning itself as the largest corporate holder in the world. Wall Street Is Bullish on MSTR Analysts remain bullish on Strategy, even after the stock's sharp rally. TD Cowen's Top analyst, Lance Vitanza, has reiterated a Buy rating on the stock with a $590 price target, implying a 47% upside from current levels. He praised the company for 'closing Q2 in style' after beating Bitcoin purchase estimates. Vitanza believes Strategy is a 'compelling vehicle' for investors seeking direct Bitcoin exposure. His model now assumes Strategy will hold over 850,000 BTC by the end of FY27, or about 4.1% of all Bitcoin that will ever exist. The average Wall Street rating on MSTR is Strong Buy. However, it is important to remember that if U.S. policies or global tax laws change, it could shake up the crypto market and hurt MSTR stock. Is MSTR Stock a Buy, Sell, or Hold? MSTR, earlier known as MicroStrategy, is a high-risk, high-reward stock. Currently, Wall Street is bullish on Strategy stock, with a Strong Buy consensus rating based on 11 Buys and one Sell recommendation. The average MSTR stock price target of $533.50 implies about 32.62% upside potential from current levels.
Yahoo
20-06-2025
- Business
- Yahoo
TD Cowen Remains Bullish on MicroStrategy (MSTR)
MicroStrategy Incorporated (NASDAQ:MSTR) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 17, TD Cowen analyst Lance Vitanza maintained a Buy rating on MicroStrategy Incorporated (NASDAQ:MSTR) with a price target of $590. The rating update came after MicroStrategy Incorporated (NASDAQ:MSTR) announced that it acquired 10,100 Bitcoins in the June 9 to June 15 period for around $1.05 billion. The average price of the Bitcoins came up to $104,080 per bitcoin, as per Strategy's 8-K filing with the US Securities and Exchange Commission (SEC). After the acquisition, the company holds 592,100 Bitcoins at an average price of $70,666, collectively valued at over $63 billion. A software engineer wearing a headset, collaborating with a remote team on a project. MicroStrategy Incorporated (NASDAQ:MSTR) spent around $41.84 billion to acquire these Bitcoins and conducted the latest acquisition using the proceeds from its preferred share offering. The company's total Bitcoin holdings now represent around 2.8% of the total Bitcoin supply of 21 million. MicroStrategy Incorporated (NASDAQ:MSTR) engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world's largest corporate holder of Bitcoin. While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
05-06-2025
- Business
- Business Insider
3 Best Stocks to Buy Now, 5/20/2025, According to Top Analysts
Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well. Confident Investing Starts Here: To find more stocks like these, take a look at TipRanks' Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts. Here are today's top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Strategy (MSTR) – This is a business intelligence company known for its significant Bitcoin holdings alongside its enterprise analytics software offerings. Yesterday, TD Cowen analyst Lance Vitanza maintained a Buy rating on the stock with a price target of $590 per share. In the last three months, all nine Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 41.15%. Talos Energy (TALO) – This is an offshore-focused independent energy company engaged in oil and gas exploration and production, primarily in the U.S. Gulf of Mexico and offshore Mexico. Yesterday, Roth MKM analyst Leo Mariani maintained a Buy rating on the stock with a price target of $11 per share. Interestingly, four out of the five Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 54.03%. Pagaya Technologies Ltd (PGY) – Pagaya is a U.S.- and Israel-based fintech firm that uses AI to help lenders better assess credit and reach more borrowers. Yesterday, Citizens JMP analyst David Scharf maintained a Buy rating on the stock but decreased the price target to $20 from $26 per share. In the last three months, all five Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 46.43%. Who Are the Top Analysts? TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks' Top Wall Street Analysts page.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Strategy Stock (MSTR) Still a ‘Compelling Vehicle' for Bitcoin Exposure, Says Top Analyst
Strategy (MSTR), the largest corporate owner of Bitcoin in the world, climbed 0.73% on Monday and is up nearly 30% year-to-date, fueled by its expanding Bitcoin holdings and creative capital-raising efforts. Yesterday, TD Cowen's Top analyst Lance Vitanza reiterated a Buy rating on the stock, describing the company as a 'compelling vehicle for Bitcoin investors.' Confident Investing Starts Here: The five-star analyst highlighted Strategy's latest move, the debut of its first-ever Series F Redeemable Preferred Stock At-The-Market (STRF ATM) program, as a key catalyst for long-term value creation. With a price target of $590 and upside potential of 58%, the analyst believes that Strategy remains a smart long-term bet on Bitcoin. New STRF Offering Aims to Boost Shareholder Value Vitanza explained that the STRF ATM program was used to raise $2.1 billion, giving it strong backing to grow its Bitcoin portfolio without major dilution. Compared to the company's earlier funding plans, including its common stock ATM and Series K Preferred Stock ATM, the new tool is designed to be more shareholder-friendly and accretive. Last week, Strategy bought 4,020 Bitcoins for $427 million, using cash mostly from these offerings. Vitanza believes that using the STRF setup for such deals can lead to better use of funds and stronger returns for investors. BTC Torque Points to 8x Value Gain TD Cowen also updated its proprietary Bitcoin Torque (BTC Torque) model, a metric that calculates the value created for shareholders relative to the capital invested. After including share dilution and fees, the firm estimates a torque ratio of 8.0x over 10 years, implying that every $100 million raised through STRF could generate $800 million in shareholder value. Is MSTR Stock a Buy Right Now? According to TipRanks, MSTR stock has a consensus Strong Buy rating among 13 Wall Street analysts. That rating is based on 12 Buys and one Sell assigned in the past three months. The average MSTR price target of $524.92 implies a 41.03% upside from current levels. See more MSTR analyst ratings Disclaimer & Disclosure Report an Issue
