MicroStrategy price target raised to $1,875 from $990 at Benchmark

Benchmark raised the firm’s price target on MicroStrategy to $1,875 from $990 and keeps a Buy rating on the shares. The firm’s sum-of-the-parts analysis combines its estimate of the year-end 2025 value of the company’s bitcoin holdings and its estimate of the year-end 2025 value of its enterprise software business, notes the analyst, who views MicroStrategy as “particularly well positioned to benefit” from the fourth bitcoin halving, set to occur on or about April 20.