MSCI has decided not to remove DAT from its indices, leading to a nearly 6% rise in Strategy's stock price in after-hours trading. Despite this positive development, analysts caution that the risk of exclusion is not fully resolved. TD Cowen analyst Lance Vitanza expressed surprise at the decision, noting the uncertainty of whether this is a definitive win or a temporary reprieve. Mark Palmer from Benchmark, who is bullish on the stock with a $705 price target, sees MSCI's decision as a positive step, though he acknowledges the ongoing risk due to MSCI's potential removal of non-operational companies from its index.