MSTR stock price rebounds 60%—Can it really reach $435？
The MSTR stock price has recovered from its June low, but Strategy remains down by more than50%over the past year. The rebound has revived interest in Benchmark analyst Mark Palmers $435 price target, but reaching it would require MSTR to more than triple from its latest close of $142.80. MSTR recovers from its June low Strategy shares fell to approximately $87in late June after trading near $195 in May, and since then, it has climbed by more than 60%. The latest trading price for MSTR shares began at $137.35and peaked briefly at $144.40, ending at $142.80, with 27.16 millionshares exchanged. The latest buying spree is substantial; however, MSTR has been approaching the $145-$150price region that has historically stalled previous MSTR rallies. Source: TradingView A move beyond that range could encourage another push towards $160. But if buyers lose momentum, it could return to the $120–$125area, which provided support during the recent recovery. Although this is slightly improved in the short term, over 12 months, MSTR has lost approximately 56%. This implies that it moves more erratically than Bitcoin, the centre of the Strategys business model. Analysts $435 target remains an outlier Palmer kept his Buy rating after Strategy delivered its latest results [Q2] on 30 July, but he reduced his
