Benchmark Slashes MSTR Price Target Amid Record-Bitcoin Loss

Benchmark reduced its price target on Strategy stock (MSTR) to $435 from $570, while maintaining a Buy rating. Analyst Mark Palmer made this announcement on Thursday.

The current trading price of MSTR is $91.75, which is significantly lower than the new target. According to InvestingPro data, the shares may be undervalued with a Fair Value of $105.10.

Strategy reported an unrealized fair value loss of $8.32 billion on its holdings in Bitcoin during the second quarter of fiscal 2026. This led to a steep 76% decline in the stock's price over the past year, reflecting its high volatility with a beta of 3.54.

During Strategy's earnings call, Executive Chairman Michael Saylor and his team focused on their perpetual preferred stock, also known as Stretch, which trades at $89.50. They discussed efforts to restore Bitcoin prices to their target range of $99 to $100.