Woofun AI reports that Benchmark Equity Research has reiterated its Buy rating on Strategy (MSTR), maintaining a target price of $570. This valuation implies approximately 406% upside from the Friday closing price of $112.53. The firm's stance remains firm despite a sharp sell-off in Strategy's perpetual preferred stock, STRC, which retreated to around $83.

Analyst Mark Palmer clarified that STRC is not a stablecoin and lacks a Terra/Luna-style reflexive mechanism. Instead, the instrument is backed by over 847,000 bitcoins, valued at approximately $55 billion, held by Strategy. Palmer characterized the recent price action as a market-driven reset of required yields rather than a 'de-pegging' event. With roughly $1.4 billion in cash reserves available to support dividend payments, Benchmark views the volatility as a stress test of the financing model rather than evidence of structural deterioration.