Bernstein Raises Its MSTR Price Target To $600 As MicroStrategy Buys Another 55.5K BTC For $5.4 Billion
Bernstein raised its price target for MSTR stock to $600 from $290 as MicroStrategy buys another 55.5K BTC for $5.4 billion.
MicroStrategy's 'unprecedented' bitcoin buying could push its stock up another 49%, Bernstein says
Bernstein analysts predict MicroStrategy will own 4% of the total bitcoin supply by the end of 2033, an amount they expect to be worth about $830 billion.
MicroStrategy’s bitcoin buys lead to a new Wall Street-high stock price target
MicroStrategy buys more bitcoin, and Benchmark analyst’s new Street-high stock price target implies more than 60% upside.
MicroStrategy Buys Record $5.4 Billion of Bitcoin
MicroStrategy, the software-intelligence company turned bitcoin-holding entity, has bought about $5.4 billion of bitcoin, its largest bitcoin purchase since it first started acquiring the cryptocurrency more than four years ago.
MicroStrategy Is a Bitcoin Magnet Pulling in the Earth's Capital Reserves: Bernstein
Bernstein raised its MicroStrategy price target to $600 from $290.Broker Canaccord also increased its price target for the software company, to $510 from $300.The shares rose over 6% in early trading Monday.
MicroStrategy's Bitcoin buying spree raises decentralization concerns
Concentration of Bitcoin ownership challenges the foundational idea of a decentralized cryptocurrency network.
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