Will MicroStrategy Be a Trillion-Dollar Stock by 2030?
(NASDAQ: MSTR) went through a dramatic transformation over the past four years. Up until 2020, it was a slow-growth analytics software maker that seemed to be losing ground to its nimbler cloud-based competitors. But that year, its co-founder and then-CEO Michael Saylor directed the company to make its first $250 million purchase of Bitcoin (CRYPTO: BTC). By the end of April 2024, its Bitcoin holdings had swelled to $7.54 billion, which equals roughly a quarter of MicroStrategy's enterprise value of $30 billion.
MicroStrategy's massive Bitcoin holdings overshadowed the sluggish growth of its software business, but can it keep growing and become a trillion-dollar stock by 2030?
Image source: Getty Images.
Source Fool.com
Microstrateg.a New Stock
€83.36
-1.160%
The stock is one of the favorites of our community with 56 Buy predictions and 3 Sell predictions.
Based on the current price of 83.36 € the target price of 226 € shows a potential of 171.11% for Microstrateg.a New which would more than double the current price.
