The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Strategy Inc. (NASDAQ:MSTR) is one of the best beaten-down technology stocks to buy now. On July 1, Citi cut its price target of Strategy Inc. (NASDAQ:MSTR) to $136 from $260 while reiterating a Buy rating. Despite the cut, the new price target represents significant upside potential as the stock is trading at about $93 a share.

Source: Unsplash

The price target cut followed Citi's 27% revision of its 12-month Bitcoin forecast to about $81,800. The $136 price target assumes a 40% contribution from a high Bitcoin price over the next 12 months. The flagship cryptocurrency has been under pressure, tanking to about $61,593 a coin. The research firm has also lowered its adjusted Bitcoin yield estimates for fiscal 2026 and 2027 from 10.4% and 10.5% to 2.6% and 3.5%, respectively.

Strategy Inc. has already issued $1.15 billion in shares, thereby lifting its USD reserve to $2.55 billion from $1.4 billion. The $2.55 billion reserve is expected to cover 17.4 months of dividends.

Strategy Inc. (NASDAQ:MSTR) is a corporate Bitcoin treasury company and enterprise software vendor. It primarily issues debt and equity to accumulate Bitcoin as its core reserve asset while also selling cloud-native, AI-powered business intelligence (BI) software.

While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds and Top 10 Stocks to Buy According to Ariel Investments.

Disclosure: None. Follow Insider Monkey on Google News.