Benchmark: Increase MicroStrategy's target price from $990 to $1875
2024-04-08 12:18:48
Broker Benchmark stated in a research report on Monday that MicroStrategy (MSTR) is particularly capable of benefiting from the halving of Bitcoin around April 20th, with new supply of Bitcoin expected to decrease by 50%. Benchmark has raised MicroStrategy's target price from $990 to $1875 while maintaining its buy rating. The new price target is based on the assumption that Bitcoin will reach $150000 by the end of 2025, which is higher than the previous $125000
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