Strategy is set to release its first-quarter 2025 financial results this Thursday after trading hours

Strategy is set to release its first-quarter 2025 financial results this Thursday after trading hours. The company, known for its transformation from a standard enterprise software firm into the world’s largest corporate Bitcoin holder, continues to balance two distinct prongs in its investment story.

While most analysts remain optimistic on the stock, the recent cryptocurrency market turbulence could impact the reporting period.

As of late April, 12 out of 13 analysts covering Strategy recommend a Buy, with only one suggesting a Sell, granting MSTR a Strong Buy consensus rating. This level of agreement is unusual for a company with such high exposure to volatile assets.

The price target consensus indicates an upside potential of 34%, as the stock price currently sits at around $375. The price targets range widely, spanning from $175 to $650.

Several prominent analysts have recently adjusted their views on Strategy stock.

TD Cowen’s Lance Vitanza, a five-star analyst, maintained his Buy rating on Strategy stock with a $550 price target. His recommendation was updated on April 28.

Meanwhile, Mike Colonnese from H.C. Wainwright initiated coverage of Strategy stock with a Buy rating and a $480 price target.

In his research note, Colonnese described Strategy as “one of the most compelling equity investment vehicles” for gaining exposure to Bitcoin.

The most bullish price target is set by Benchmark analyst Mark Palmer, who sees the stock reaching $650. Palmer highlights that the company’s adoption of new accounting rules will create more transparency regarding its Bitcoin holdings, which could benefit investors.

Options market traders are positioning for a potential move of up to 5% in either direction in the wake of the upcoming earnings report. This suggests relatively moderate expectations for volatility compared to previous quarters.

It’s worth noting that Strategy’s earnings announcement arrives during a transitional period for both technology stocks and cryptocurrency markets.

The company’s results may provide valuable cues on the evolving trends in institutional Bitcoin strategies throughout 2025.