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MicroStrategy shares trade near $119 with analyst target at $435 despite recent bitcoin losses.

Analyst Insights
24 Aug 2026
24/7 Wall Street
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Neutral
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MicroStrategy, holding 846,000 BTC, trades around $119.25, down 21.5% year to date, reflecting bitcoin's 11.58% drop and an $8.32 billion unrealized loss on digital assets in Q2 2026. Benchmark analyst Mark Palmer maintains a $435 price target, implying a 265% upside, viewing the company as a leveraged bitcoin proxy with potential for recovery if bitcoin stabilizes. The company also strengthened its balance sheet by reducing convertible debt and raising preferred dividends. While sentiment is bearish, with shares down 64.68% over a year, analysts remain mostly positive, expecting upside if bitcoin rebounds and Strategy's leverage thesis holds.

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