StoneX Maintains Buy Rating on Strategy Stock, Sets $435 Price Target

StoneX has reiterated its 'Buy' rating on Strategy stock, setting a price target of $435. The current trading price is $157.04, significantly lower than the analyst's high target.

The firm believes that Strategy's digital credit instruments are poised to operate continuously, mirroring the 24/7 trading nature of Bitcoin. As part of this effort, the company has proposed moving its four U.S.-listed perpetual preferred stocks to daily dividends accruing every calendar day.

StoneX sees this proposal as a significant change that will make the instrument more attractive to institutional investors. If approved, it could reduce volatility around ex-dividend days for the flagship STRC preferred stock.