Benchmark has raised its price target on MicroStrategy stock from $215 to $245
Benchmark has raised its target price for MicroStrategy stock from $215 to $245. Analyst Mark Palmer assumes that the company's Bitcoin holdings and the value of its software business will continue to grow. He also believes that the company's high stock price is reasonable because it provides value beyond just holding a large amount of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy plans to issue up to $2 billion in preferred shares to increase its Bitcoin holdings
Polymarket's cumulative trading volume in 2024 will exceed US$9 billion
BlackRock IBIT had a net inflow of $252.3 million yesterday
Babylon official Twitter was stolen this morning. Please do not click on any links.