Canaccord raised the firm’s price target on MicroStrategy to $2,047 from $1,590 and keeps a Buy rating on the shares. The firm notes the company’s equity premium to its HODL value has remained resilient, hovering at ~100% according to their calculations and despite macro fluctuations. Canaccord views this as indicative of true investor appreciation for the accretive Bitcoin acquisition model the company has put in place.
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