Cryptocurrency bettors expect Strategy Inc. (NASDAQ:MSTR) to beat estimates when it releases quarterly results after the bell on Thursday.
Strategy to Turn It Around?
Polygon (CRYPTO: POL)-based Polymarket currently prices in a 92% chance that Strategy reports earnings per share greater than $8.67 in the third quarter.
Note that the Bitcoin (CRYPTO: BTC) treasury giant missed expectations in the first two quarters of 2026.
Analysts Raise Price Targets
The company is also expected to announce quarterly revenue of $129.60 million, up 1% year over year.
The MSTR stock has a consensus price target of $334 with a "Buy" rating, implying a potential upside of 135% from current levels.
Interestingly, Barclays, Citigroup and Cantor Fitzgerald all raised their price targets on MSTR in October.
Bitcoin’s Q3 Rebound
Short interest in the MSTR stock now represents 7.8% of total float, according to Benzinga data. A declining short interest is typically viewed as a bullish signal.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a “Buy” signal for MSTR, according to TradingView. The Relative Strength Index hovered around 50, implying a “Neutral” condition.
Strategy holds 848,517 BTC valued at over $68 billion as of this writing, with paper gains of more than $4 billion. Notably, Bitcoin jumped 42% in the third quarter, breaking a three-quarter run of declines.
Price Action: As of this writing, BTC is down 0.9% in the last 24 hours to $79,992.50, according to Benzinga Pro.
Strategy shares are down 2.19% in pre-market trading. The stock closed 0.14% higher at $146.01 during Friday’s regular trading session.
MSTR maintains a stronger price trend over the short, medium, and long terms with a poor value ranking, according to Benzinga’s Edge Stock Rankings.
See More: Top Value Stocks
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