Bernstein raises MicroStrategy price target to $600
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2024-11-25 19:32:01 4,659
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Golden Finance reported that analysts at research and brokerage firm Bernstein said they expect the number of Bitcoins held by MicroStrategy to increase from 1.7% to 4% of the circulating supply in the next decade, and they have expressed their expectations for MicroStrategy. The stock's (MSTR) year-end 2025 price target was updated to $600.
Bernstein previously set a $290 price target in June, when the stock was trading around $148. That price target was hit on Nov. 11 after rising nearly 100% over the past month and 509% year-to-date. MicroStrategy shares closed up 6.2% at $421.88 on Friday, meaning they see 42% upside potential from current levels with the new price target. MSTR is currently trading up 6% at $447.70 in pre-market trading.