Strategy cratered 75% over 12 months, analyst sets 350% target price

Strategy Inc, the company that used to be called MicroStrategy before its August 2025 rebrand, has watched roughly three-quarters of its market value evaporate over the past year. Shares are trading between $97 and $100, a far cry from the highs that made the stock a darling of the Bitcoin-proxy trade. And yet, Wall Street hasn’t given up on it. The consensus analyst price target sits between $229 and $240, implying roughly 130% to 150% upside from current levels. One particularly bullish forecast pegs the target at $450, which would represent a roughly 350% return if the stock cooperates. A Bitcoin treasury strategy under pressure Strategy Inc holds over 818,334 BTC as reported in May 2026, making it far and away the largest corporate holder of the asset on the planet. Recent quarterly reports have highlighted substantial unrealized losses from those digital asset holdings. The company has leaned on preferred equity instruments to fund its ongoing acquisition strategy, and has also conducted liquidity sales and capital raises to manage its position. Why analysts still see massive upside At $97 to $100 per share, the $229 to $240 consensus suggests that most covering analysts think...