The MSTR stock price has recovered from its June low, but Strategy remains down by more than 50% over the past year.

The rebound has revived interest in Benchmark analyst Mark Palmer’s $435 price target, but reaching it would require MSTR to more than triple from its latest close of $142.80.

MSTR recovers from its June low

Strategy shares fell to approximately $87 in late June after trading near $195 in May, and since then, it has climbed by more than 60%.

The latest trading price for MSTR shares began at $137.35 and peaked briefly at $144.40, ending at $142.80, with 27.16 million shares exchanged.

The latest buying spree is substantial; however, MSTR has been approaching the $145-$150 price region that has historically stalled…