Investment bank KBW gives Strategy an "Outperform" rating, with a target price of $560
ChainCatcher news, according to CoinDesk, investment bank KBW has released a research report, giving Strategy (formerly MicroStrategy) an outperform rating for the first time, with a target price of $560.
KBW analysts stated that Strategy will adopt the latest FASB accounting standards in the first quarter of 2025, which may make it eligible for inclusion in the S&P 500 index, as one of the important inclusion criteria for the index is that the net profit for the most recent quarter and the cumulative net profit for the past four quarters must be positive.
In addition, as a publicly traded company with the largest Bitcoin reserves, Strategy is expected to gain on-chain revenue through Bitcoin network applications in the future.
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