Benchmark Sticks with Buy Rating as Strategy Unveils New Metrics

Benchmark maintained its Buy rating on Strategy stock (MSTR), with an unchanged price target of $570.00, according to analyst Mark Palmer.

The company's stock currently trades at $96.59, down 77% over the past year, but remains undervalued, according to InvestingPro analysis.

Strategy recently introduced new market metrics on its website, including Net Reserve, Net BTC, and Net BTC Per Share, which redefines its mNAV ratio.

Benchmark views this move as part of Strategy's evolution from a convertible-debt-fueled bitcoin accumulator into an issuer at the center of an emerging digital credit market built around perpetual preferred stock.