Strategy surges over $103 as analyst predicts $570 target by year-end

Strategy Inc. shares ripped nearly 12% higher on August 19, clearing $103 after closing around $93 the previous session. The catalyst behind the surge traces back to Benchmark analyst Mark Palmer, who slapped a Buy rating and a $570 price target on the stock back in June. By July, he’d trimmed it to $435, still an aggressive call but a meaningful downward revision in just one month. The broader analyst community isn’t quite as adventurous as Palmer. Consensus ratings for Strategy Inc. land in the Strong Buy camp, but the average 12-month price target sits between $229 and $240. To put the recent trading in perspective, Strategy’s stock has ranged between $82 and $368 over the past year. At $103, it’s sitting closer to the floor than the ceiling of that range. A new capital playbook On June 29, Strategy announced its Digital Credit Capital Framework, a structured approach to managing its massive Bitcoin treasury alongside traditional capital market tools. The framework includes a combined $2 billion commitment split between common stock repurchases and preferred securities. It also establishes a USD reserve policy designed to manage liquidity around Bitcoin positions. Why the stock ...