Editor's PiCK
Escaped the axe but... Wall Street: "MSCI decision, need to watch a little longer"
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Summary
- MSCI put the index exclusion of companies holding virtual assets on hold, and Strategy's stock reacted immediately.
- Wall Street analysts rated the decision as a positive while cautioning about long-term uncertainty.
- They pointed out that the situation could change depending on conditions MSCI sets later, and said a cautious stance should be maintained.
Morgan Stanley Capital International (MSCI) put the index exclusion of companies holding virtual assets on hold, giving Strategy a reprieve. Shares reacted immediately, but Wall Street interprets the decision not as a complete victory but as a stay of execution and remains cautious.
On the 6th (local time), according to CoinDesk, major Wall Street analysts called MSCI's decision "a surprising positive development" while warning of long-term uncertainty.
Lance Vitanza, a TD Cowen analyst, said, "Clearly a positive and unexpected development," while adding, "whether this is a genuine victory for the company or merely a stay of execution remains to be seen." He warned that although the immediate exclusion was avoided, the situation could be reversed at any time depending on conditions MSCI sets later. TD Cowen maintained a buy rating on Strategy and a price target of $500.
Mark Palmer, a Benchmark analyst who has the highest price target on Strategy on Wall Street ($705), shared a similar view.
Palmer said, "Good news has come for Strategy. The company's defensive argument worked." But he warned, "We should not overlook that MSCI still has on the table the option of excluding non-operating companies from the index in the future," adding, "this episode is not over yet."
