10 Unstoppable Growth Stocks To Buy

2. MicroStrategy Incorporated (NASDAQ:MSTR)

Year-to-date Share Price Return as of May 17: 131.26%

Number of Hedge Fund Holders: 16

MicroStrategy Incorporated (NASDAQ:MSTR) is a Virginia-based company that offers artificial intelligence-powered enterprise analytics software and services. MicroStrategy Incorporated (NASDAQ:MSTR) has a consensus rating of Strong Buy as per the 4 Wall Street analysts who have covered it over the past three months. As of May 17, the average price target of $1,678.75 implies an upside of 5.95% from the last price of $1,584.50.

As of May 17, MicroStrategy Incorporated’s (NASDAQ:MSTR) share price increased 131.26% year-to-date. Additionally, the company’s EPS has grown 68.04% in the last five years. Moreover, in the fourth quarter of 2023, 16 hedge funds had stakes in the stock with total positions worth $66.929 million.

Miller Value Partners stated the following regarding MicroStrategy Incorporated (NASDAQ:MSTR) in its first quarter 2024 investor letter:

“MicroStrategy Incorporated (NASDAQ:MSTR) 0.75% 12/15/2025 was the top contributor during the quarter. Bitcoin performed very strongly in the quarter, gaining 68.9% in the period, while also posting a new all-time high of $73.8K. After ending 2023 with 190K bitcoin, MicroStrategy purchased another 24.2K bitcoin subsequent to reporting 4Q23 results, pushing the company’s holdings to 214.2K bitcoin as of 3/18/24.”

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