Analysts at research and brokerage firm Bernstein said they expect the amount of bitcoin held by MicroStrategy to increase from 1.7% of the circulating supply to 4% over the next decade, and updated their end-of-2025 price target for MicroStrategy stock (MSTR) to $600.
Bernstein had previously set a price target of $290 in June, when the stock was trading at around $148. That price target was hit on November 11, after gaining nearly 100% over the past month and 509% year-to-date. MicroStrategy stock closed up 6.2% at $421.88 on Friday, meaning they see 42% upside potential in the new price target from current levels. Currently, MSTR is trading 6% higher at $447.70.
Bernstein raises MicroStrategy target price to $600
2024-11-25 11:27:31
Research brokerage company bernstein analysts analysts say expectdesk3cryptocurrencydesktopCrypto News
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