MicroStrategy stock could hit $350 as Bitcoin rebounds
MSTR trades in an ascending triangle that technical analysis projects could push the stock about 80% to $350; Canaccord raised its target to $224. MicroStrategy reported a $12.54B Q1 loss.
As of Friday, MicroStrategy (MSTR) was trading inside an ascending triangle, a chart pattern marked by higher lows beneath a flat resistance level. Applying the pattern’s measured height to a breakout projects a target near $350, about 80% above recent levels, and aligns with the 0.236 Fibonacci retracement used by technical analysts.
The series of higher lows indicates buyers are stepping in earlier on pullbacks. Analyst Kevin Fx identified an inverse head-and-shoulders setup and estimated MSTR could reach $250–$300 if that pattern completes. If the stock fails to break the triangle’s resistance, the price could fall back toward the lower trendline near $150; a sustained break below $150 would risk invalidating these technical setups.
Canaccord raised its price target for MSTR to $224 from $185 and kept a Buy rating. The firm cited roughly an 80% rebound in MSTR since February as Bitcoin recovered above $80,000 from lows near $60,000. Canaccord also highlighted MicroStrategy’s preferred-share financing, including its STRC vehicle, which lets the company raise capital for Bitcoin purchases with less reliance on issuing common shares.
MicroStrategy purchased 89,599 BTC in Q1 2026, bringing its total holdings to 818,334 BTC at an average cost of $75,537. The company’s BTC-per-share metric rose 18% year-over-year. The firm reported a $12.54 billion net loss for the quarter.
Technical targets from chart patterns and broker price targets differ: the $224 broker target is below the $350 technical projection. A decisive break above the triangle’s upper trendline would align with the $350 target, while a breakdown below the lower trendline would indicate extended weakness. Market participants are watching Bitcoin price action, chart signals and any financing moves that could change MicroStrategy’s share count or balance sheet.
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