10 AI Stocks Dominating Wall Street

8. MicroStrategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders: 25

Strategy, formerly known as MicroStrategy Incorporated (NASDAQ:MSTR), offers AI-powered enterprise analytics software and services. It is the largest corporate holder of Bitcoin and the world’s first Bitcoin Treasury Company. On February 6th, Mark Palmer from Benchmark Co. reiterated a Buy rating on the stock with a price target of $650.00. Palmer’s buy rating stems from Strategy’s strategic focus and financial performance. The company has recently rebranded its name to “Strategy”, implying an increased focus on Bitcoin and artificial intelligence as the two main transformative technologies of the industry. The firm noted that the rebranding particularly reflects a commitment to aggressively acquiring Bitcoin, noted by the increased BTC Yield target for 2025. The introduction of new key performance indicators, namely BTC Gain and BTC $ Gain, reflects the value generated from MicroStrategy’s bitcoin treasury operations. Even though there is a projected decrease in the BTC $ Gain target for 2025 compared to 2024, Strategy’s focus on bitcoin acquisition remains intact.