TechFlow reported, citing CoinDesk, that investment bank KBW has released a research report initiating coverage on Strategy (formerly MicroStrategy) with an "Outperform" rating and a price target of $560.
KBW analysts stated that Strategy is expected to adopt the latest FASB accounting standards in the first quarter of 2025, which could make it eligible for inclusion in the S&P 500 Index, as one of the key criteria for inclusion is positive net income in the most recent quarter and over the past four quarters combined.
In addition, as the publicly traded operating company holding the largest Bitcoin reserve, Strategy is poised to generate on-chain revenue through future applications on the Bitcoin network.
Add to Favorites
Share to Social Media
