MSTR Stock Recent News
MSTR LATEST HEADLINES
The ongoing crypto market rally has – despite stagnating as Bitcoin (BTC) struggles to reclaim the critical all-time high (ATH) level of $73,000 – lifted multiple cryptocurrency stocks into the stratosphere.
Benchmark Managing Director and Senior Research Analyst for Fintech and Digital Assets significantly raised his price target on MicroStrategy (MSTR), from $990 to $1,875, while reiterating the Buy rating on the stock. This move was prompted by the ongoing rally in Bitcoin (BTC-USD), as the much-anticipated halving event approaches.
MicroStrategy (NASDAQ: MSTR ) stock has been one of the year's biggest breakout stocks so far. The multi-faceted technology company is up more than 340% over the past six months alone.
MicroStrategy Inc (NASDAQ: MSTR) is up more than 10% on Monday after a Benchmark analyst issued a super bullish note in its favour.
Shares of MicroStrategy Inc. charged higher Monday, after Wall Street's new top bull nearly doubled his price target, because he assumes bitcoin prices will more than double in less than two years.
MicroStrategy (NASDAQ: MSTR ) stock is on the move Friday after analysts at BTIG boosted their price target for the software and Bitcoin ( BTC-USD ) holding company's shares. BTIG analyst Andrew Harte increased the firm's price target for MSTR stock from $780 per share to $1,800 per share.
BTIG analysts lifted their price target on MicroStrategy to $1,800 from $780 and maintained a Buy rating.
The fourth Bitcoin ( BTC-USD ) halving, scheduled for mid-April 2024, is poised to significantly impact the crypto market. Understanding how the halving will impact Bitcoin price dynamics and crypto mining is critical, especially when choosing which stocks to sell after the halving.
MicroStrategy is a company dedicating itself to buying Bitcoin. It trades at a significant premium to the actual Bitcoin it holds on the balance sheet.
One investment firm has placed a bet on the shares to lose value. It recommends a short position on the stock, contrasted with going long on its key asset.