MSCI "Suspension" vs. "Delisting": Risks for Strategy Companies Still Unresolved

After MSCI announced the suspension of the delisting plan for DAT company, Strategy’s stock price quickly rebounded, rising nearly 6% in after-hours trading on Tuesday. This news boosted market sentiment, but several analysts’ attitudes carried a “rumble” tone—behind their seemingly optimistic comments, there are deep concerns about long-term risks.

Analysts’ Cautious Optimism

TD Cowen analyst Lance Vitanza was the first to comment, offering a cautiously worded assessment. He noted that this development “is consistent with previous analysis,” but quickly added a meaningful remark: “It is still uncertain whether this represents a final victory or merely a delay in impact.” According to FactSet data, Vitanza maintains a “Buy” rating on MSTR with a target price of $500.

Benchmark analyst Mark Palmer, also bullish, has a relatively positive stance, giving MSTR a “Buy” rating with a target price of $705. Palmer believes MSCI’s decision has bought Strategy valuable breathing room, and the company’s opposition to delisting digital asset reserve companies from the index seems to have had a tangible effect.

Suspension Does Not Equal Resolution

However, Palmer’s subsequent comments reveal the core issue—the MSCI has explicitly stated it will continue to evaluate whether “non-operating asset holding companies” should be included in the index system. This statement implies that the suspension is merely a tactical adjustment, not a strategic reversal.

In other words, the risk of index reclassification faced by Strategy has not truly been resolved; it has only been pushed to an uncertain point in time. Analysts generally believe that the controversy over the index status of digital asset reserve companies is far from over, and future developments remain uncertain with multiple possibilities.