Maxim analyst Matthew Galinko raised the firm’s price target on MicroStrategy (MSTR) to $270 from $193 and keeps a Buy rating on the shares. The company’s Bitcoin accumulation continues as the asset is becoming normalized while its cloud revenue is accelerating, the analyst tells investors in a research note. Maxim is also raising its 2025-end price expectation for bitcoin to $200,000, from $146,000, reflecting its view that regulatory headwinds are diminishing.
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