On January 7th, Strategy’s stock price rose nearly 6% in after-hours trading on Tuesday, after MSCI announced it would temporarily not proceed with the plan to remove DAT company from its index, but analysts say the crisis of being delisted from the index is not yet over. TD Cowen analyst Lance Vitanza said, “In line with our previous analysis, this significant positive development caught us by surprise. It is still uncertain whether this represents a victory for the defenders or simply a delay in implementation.” According to FactSet data, Vitanza has a “Buy” rating on MSTR stock with a target price of $500. The most bullish analyst on this stock, Benchmark’s Mark Palmer (who has a “Buy” rating with a target price of $705), views this news as a positive. “MSCI’s decision has provided Strategy with a welcome breather. The company’s opposition to removing digital asset reserve companies from the index seems to have had the intended effect. However, MSCI’s consideration of removing non-operational companies from its index means this storm is not over yet.”
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Analyst: The crisis of Strategy potentially being removed from the MSCI index has not yet been settled.
On January 7th, Strategy’s stock price rose nearly 6% in after-hours trading on Tuesday, after MSCI announced it would temporarily not proceed with the plan to remove DAT company from its index, but analysts say the crisis of being delisted from the index is not yet over. TD Cowen analyst Lance Vitanza said, “In line with our previous analysis, this significant positive development caught us by surprise. It is still uncertain whether this represents a victory for the defenders or simply a delay in implementation.” According to FactSet data, Vitanza has a “Buy” rating on MSTR stock with a target price of $500. The most bullish analyst on this stock, Benchmark’s Mark Palmer (who has a “Buy” rating with a target price of $705), views this news as a positive. “MSCI’s decision has provided Strategy with a welcome breather. The company’s opposition to removing digital asset reserve companies from the index seems to have had the intended effect. However, MSCI’s consideration of removing non-operational companies from its index means this storm is not over yet.”