Analysts overhaul MicroStrategy stock price target amid bitcoin rally
Bernstein analyst Gautam Chhugani, who boosted his price target on MicroStrategy by $310 to $600 a share in a note published Monday, sees the group as a principal beneficiary. Chhugani estimates MicroStrategy owns around 1.7% of global bitcoin and says could grow to 4% over the next decade in his base-case scenario.
Shares of MicroStrategy (NASDAQ: MSTR) jumped 24.7% higher this week, according to data from S&P Global Market Intelligence.
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Amid a red-hot run in the shares of MicroStrategy Inc. last month, Matt Tuttle got some bad news from the prime brokers for ...
Between November 11 and 17, the software company purchased 51,780 Bitcoin for about $4.6 billion, new regulatory filings show ...
One exchange-traded fund (ETF) that tracks spot Bitcoin prices is the iShares Bitcoin Trust ( IBIT 1.05%). BlackRock, the ...
Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology. We uphold a strict editorial policy that focuses on factual accuracy ...
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